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  • Eni revokes force majeure status on three exploration assets in Libya
    édité le 04/08/2023 - Plus de news de "Eni" - Voir la fiche entreprise de "Eni"


Eni revokes force majeure status on three exploration assets in Libya
Eni formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%.

Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration programme will be carried out; this study yielded positive results.

Following the revocation of Force Majeure by the JV, Eni, as operator of the blocks, will be able to resume the contract activities in exploration basins, some of which are located close to Wafa’s gas facilities.

With an 80% share of national production (1.6 Bscf/d in 2022), Eni is the country's leading gas producer and domestic market supplier. The company has been operating in Libya since 1959 and currently has a large portfolio of assets under exploration, production and development. Production activities are operated through the joint venture company Mellitah Oil and Gas BV (Eni 50%, NOC 50%). Equity production was 165,000 barrels of oil equivalent per day in 2022.

About Eni

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

About the National Oil Corporation

The National Oil Corporation (NOC) owns refining, and oil and gas processing companies, operating refineriessuch as Zawia and Ras Lanuf refineries, ammonia, urea and methanol plants, the Ras Lanuf petrochemical complex and the gas processing plan. To establish petrochemical industries, anther stage of development of the ethylene plant has been completed , as well as the low and high density linear polyethylene plants.

NOC also owns national service companies which carry out oil well drilling and work over operations, provide all drilling material and equipment, lay and maintain oil and gas pipelines, build and maintain oil and gas storage tanks and carry out related technical and economic studies . They also provide the sector with other services , such as catering, procurement of materials and equipment, training and employment of foreign employees.


Origine : Communiqué Eni

Voir la fiche entreprise de "Eni"



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