Eni and Libya’s National Oil Corp. (NOC) revoked force majeure status on onshore exploration areas A and B, and offshore area C.
Force majeure, declared in 2014, was revoked following completion by Eni of a security risk assessment to evaluate security conditions in the areas where the oil and gas exploration program will be carried out, the company said in a release Aug. 3. Eni said the assessment “yielded positive results.”
Eni can now resume contracted exploration activity in the basins, two of which (A, B) lie near Wafa field infrastructure.
Eni is operator of the blocks (42.5%) with partners bp (42.5%) and the Libyan Investment Authority (15%).
