Eni and bp have resumed their exploration activities in Libya for the first time in the Area B (96/3) of Ghadames Basin, where onshore operations were haulted since 2014
Repsol is also preparing to restart drilling in Murzuq Basin, and OMV is set to begin operations in Sirte Basin in the coming weeks.
Last month, the Libya-Italy Roundtable and VIP Networking Evening took place in Rome with a purpose to unlock new partnership and investment opportunities, especially targetting private sector participation.
Exploration activities in Area B (96/3) began this month, with the drilling of the first exploratory well, A1-96/3 (Hasheem Prospect) that is projected to reach a final depth of approximately 10,327 ft (3,147 m).The well is located about 35 kms from the Wafa field and approximately 650 kms from Tripoli. Several promising geological formations in the A1-96/3 well will be tested for oil and gas presence.
Supervision by Mellitah Oil & Gas joint venture
Contracted following the Fourth Bid Round Contract of 2007, Eni operates the area in partnership with bp and the Libyan Investment Authority. The Mellitah Oil & Gas joint venture, with its extensive experience in the region, particularly in developing and managing the Wafa field, is overseeing the drilling operations and all related activities for the well.
The Mellitah venture that comprises the National Oil Corporation of Libya and Eni North Africa, is also spearheading the revamping of the Bauri Gas Utilisation project.