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NOC announce about lifting the force majeure in Oi l& Gas exploration
National Oil Corporation (NOC) calls the International Oil & Gas Companies with whom has signed Oil & Gas Exploration & Production Agreements, to lift the Force Majeure declared by them, as NOC welcomes them to resume their work in Libya and assures them of its readiness to provide all necessary support to resume their operations, as well as assisting them in facilitating the return, along with providing a safe working environment in cooperation with the civil and military authorities of the Libyan state.

This call comes considering the Corporation's efforts to raise Force Majeure after following up an objective evaluation based on a realistic and logical analysis of the security situation, which has begun to improve dramatically, and led to the commencement of drilling works in sites where it was difficult to work in the recent past, in which there are now many global service companies.

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 National Oil Corporation

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