Algeria’s state-owned oil company, Sonatrach, is set to restart exploration activities in Libya’s Ghadames Basin, specifically on plots 95 and 96, after a hiatus of nearly ten years.
The decision follows a recent technical meeting between Sonatrach and Libya’s National Oil Corporation (NOC), during which seismic survey data was reviewed and the resource potential of the region reevaluated.
As part of the renewed efforts, operations will soon resume on the A1-96/2 exploratory well, which has been inactive for a decade due to political instability and other challenges.
To facilitate the renewed exploration activities, the NOC has extended Sonatrach’s Exploration and Production Sharing Agreement (EPSA).
The extension accounts for delays caused by force majeure conditions, which were officially lifted in November 2023.
The resumption of operations reflects the improving stability in Libya’s oil sector and highlights the commitment of both nations to unlock the energy potential of the Ghadames Basin.
This collaboration could bolster regional energy production and strengthen ties between Algeria and Libya.
