bp has announced the reopening of its office in Tripoli by the year-end as it plans to resume operations in Libya, and manage projects from the ground
This development was made official by a memorandum of understanding established at a signing ceremony in London, where the chairman of the National Oil Corporation of Libya, Masoud Suleman acknowleged the renewed partnership with the British oil major.
The MoU will enable bp to study hydrocarbons potential in not only the Messla and Sarir fields but also in the adjacent areas.
Suleman assured consistent support and assistance for bp's reestablishment in the region, while calling for cooperation and training technical and leadership staff in Libya’s oil sector.
Meanwhile, another oil major, Shell, will be doing a comprehensive technical and economic feasibility study to develop the al-Atshan field, and check its hydrocarbons prospects. The agreement with NOC Libya also gives Shell rights to explore other NOC-owned fields that do not involve any third parties.
Also read:
bp, Shell keen on exploration prospects in Libya
bp and Shell signed agreement with NOC Libya on separate instances. (image source: NOC Libya)
