NOC & BP Agree to Resume the Activity of the BP in Libya

Source: www.gulfoilandgas.com 3/7/2022, Location: Africa

The Chairman of the Board of Directors of the National Oil Corporation, Eng. Mustafa Sanalla, met with the Chairman and CEO of the British Oil Company, Mr. Bernard Looney during the activities of the CERAWEEK conference in Houston, USA.

Mr. Sanalla and Mr. Looney discussed the resumption of BP's activity in Libya in its onshore exploration plots in the Ghadames Basin and its offshore blocks in the Sirte Basin.

The strategy of the National Corporation for the development of onshore and offshore gas exploration was also discussed with the aim of raising gas production rates to respond to the increased demand for gas in the global market. BP expressed its desire to hold a technical workshop with the NOC to discuss the details and technical aspects of this strategy and the possibility of its participation in developing some of these opportunities.

Chairman Sanalla, welcomed and supported the return of BP to resume its activities in Libya and its future contribution to the development of oil and gas reserves and raising the current production rates.

The meeting was attended by both Dr. Khalifa Rajab Abdulsadek, Advisor to the Chairman and CEO of Murzuq Oil Services Limited, and Mr. William Lin, Executive Vice President of BP.


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