Three of the biggest foreign energy companies operating in Libya have lifted force majeure and resumed exploration in the country’s oilfields, the National Oil Corporation (NOC) announced today.
NOC said it received “official notifications from the Italian company Eni and the British company British Petroleum regarding the lifting of force majeure and the resumption of exploration and contractual obligations in the blocks awarded to them in the Ghadames Basin (A-B) and offshore Block C.”
“The NOC also confirmed receiving an official notification from the Algerian company Sonatrach regarding the lifting of force majeure and the resumption of exploration and fulfillment of contractual obligations in blocks 065 and 96/95 in the Ghadames Basin.”
The Libyan state-owned oil company explained that these recent moves by the three energy companies come “in response to the NOC’s invitation” to”lift their declared force majeure.”
“In this context, the Board of Directors of the NOC reiterated its call to remaining companies that have not yet lifted the force majeure in their respective areas to resume their activities and contractual obligations,” NOC concluded.