Tag Archives | oil exploration

Eni, BP, NOC sign Deal to Resume Libyan Exploration

National Oil Corporation (NOC) Chairman, Mustafa Sanalla, BP Group Chief Executive, Bob Dudley, and Eni CEO, Claudio Descalzi, signed a Letter of Intent (LOI) in London today which will launch the process for Eni to acquire a 42.5% stake in BP’s Exploration and Production Sharing Agreement (EPSA) in Libya, with an aim to boost in-country […]

Thinni Warns Against ”Illegitimate” NOC

Libya’s internationally recognised government has warned companies against dealing with the Tripoli-based National Oil Corporation (NOC). Speaking to a press conference of Beida, the head of the House of Representatives (HoR), Abdullah al-Thinni (pictured), said his government is taking further steps to export crude oil from the regions under its control through its locally recognized […]

Total to Start Exploring Offshore in May

French oil giant Total has said that it aims to start offshore exploratory drilling for gas in Libya next month. Bernard Avignon, managing director of Total Exploration and Production in Libya, told reporters that the company was waiting for a drilling rig that was undergoing tests in Croatia: “We hope it will start making its […]

Chairman of NOC meets Chairman of Total

National Oil Corporation (NOC) Chairman Nuri Berruien [Nuri Balrwin] has met with Mr. Christophe de Margerie, Chairman and CEO of French oil and gas company Total to discuss cooperation in the oil and gas sector. Exploration was in important agenda item, with Total having exploration blocks that it had won during public bid rounds. They […]