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Eni set to resume exploration on Libyan contract areas following security assessment

Aug. 3, 2023

Eni has formalized the revocation of force majeure status on Libyan exploration areas C (offshore) and A and B (onshore) with state-owned NOC.

Related To: Eni

Eni has revoked force majeure status on three exploration assets in Libya.

Offshore staff

SAN DONATO MILANESE, Italy — Eni has formalized the revocation of force majeure status on Libyan exploration areas C (offshore) and A and B (onshore) with state-owned NOC.

The Italian major operates with a 42.5% interest, in partnership with bp (42.5%) and the Libyan Investment Authority (15%).

Force majeure had been declared in 2014, but it was revoked after Eni conducted a security risk assessment of security conditions in areas where an exploration program is planned. The findings were positive.

Now the company can resume the contract activities in exploration basins, some of which are close to the Wafa gas facilities that export production to Italy.

08.03.2023