Italy’s Eni and the UK’s BP have resumed exploration activities in Libya after a ten-year suspension. The National Oil Corporation (NOC) announced that Spanish oil company Repsol is also preparing to restart drilling in the Murzuq Basin, while Austria’s OMV is set to resume operations in the Sirte Basin in the coming weeks.
On Saturday, Eni commenced exploratory work in Area “B” (96/3) of the Ghadames Basin, marking its first well under the Fourth Contracting Agreement established in 2007.
Eni operates the well in collaboration with BP and the Libyan Investment Authority, while Mellitah Oil & Gas, an Eni affiliate with experience from operating the Al-Wafa field, will manage the drilling process.
These renewed activities highlight growing confidence in Libya’s potential for oil and gas development after years of limited international presence.
