Tuesday, July 15, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya Lifts Force Majeure on Oil & Gas Exploration

December 5, 2022
Share on FacebookShare on Twitter

On Monday, Libya’s Government of National Unity (GNU) announced the lifting of force majeure on exploration operations for the production of oil and gas.

In a statement, the government called on international oil companies that concluded contracts with the National Oil Corporation (NOC) to resume their work in Libya. It confirmed the government’s readiness to provide them with the necessary support, and a safe working environment.

The government indicated that this announcement comes “after an objective follow-up and evaluation based on a realistic and logical analysis of the security situation.” It confirmed that the “security situation began to improve significantly and led to the commencement of excavation work in sites that were difficult to work in. ”

The GNU reassured companies that Libya “continues to advance the oil sector as the main resource for the country, and to maintain the regular flow of oil to global markets.” It noted that “instructions are being given to all relevant ministries and Libyan agencies to take measures to provide the appropriate capabilities, and conditions for companies to carry out their work. ”

Earlier, a member of the NOC Board of Directors, Khalifa Abdul Sadiq chaired a meeting with a Chinese delegation, headed by Yanjun Yang, the Director of the BGP Inc., China National Petroleum Corporation’s (CNPC) branch in Libya.

During the meeting, the attendees discussed the resumption of the Chinese company’s operations in Libya.

The Chinese officials expressed their “desire to return to work again in Libya as soon as possible,” confirming that they have “initiated the procedures related to reopening the company’s office in Libya,” according to the NOC’s statement.

The meeting was attended by members of the NOC Board, including Ahmed Ammar, Hussein Safar, and Massoud Moussa. In addition to the directors of the Corporation’s technical departments.

BGP has been conducting seismic exploration in desert areas for more than 20 years, with advanced equipment and integrated technologies in field acquisition, processing, and interpretation.

Crooked line, wide line, and 3D surveys have been carried out in different desert areas both at home and abroad. These techniques have been applied comprehensively to the desert seismic data, and desirable results have been achieved.

Up until now, BGP has successfully carried out desert seismic contracts in Saudi Arabia, Libya, Yemen, Kazakhstan, Pakistan, and China.

Tags: EniForce MajeureGas ExplorationGNUlibyaoiltripoli
Next Post

OPEC: Libya Remains Excluded from Reducing Oil Production

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya Refuses to Hand Over Security Official to ICC

Ankara’s Ties with Haftar’s Administration Strengthen

Libya & China Discuss Housing & Energy Cooperation

Libya Warns UN of Greek Violations in Contested Sea Zone

IOM: 415 Migrants Intercepted & Returned to Libya

Libya & UK Reaffirm Strategic Partnership in Tripoli Meeting

EDITOR PICKS

Libya Tops Africa in Oil Reserves with 48.36 Billion Barrels

Libya & Greece Reaffirm Commitment to Closer Ties

UK Reaffirms Support for Libya’s Electoral Process

Libya’s Benghazi Launches Platform to Report E-Payment Abuse

Greek FM Arrives in Libyan Capital Tripoli

Libya Seeks Justice for Nationals in Italian Prisons

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR