Asian stocks rise on Thursday    Oil prices edge higher on Thursday    Gold prices slide on Thursday    Al-Sisi, Putin mark installation of reactor pressure vessel at Egypt's first Dabaa nuclear unit    Egypt, Angola discuss strengthening ties, preparations for 2025 Africa–EU Summit in Luanda    Gaza accuses Israel of hundreds of truce violations as winter rains deepen humanitarian crisis    Egypt concludes first D-8 health ministers' meeting with consensus on four priority areas    Egypt, Switzerland's Stark partner to produce low-voltage electric motors    Egypt explores industrial cooperation in automotive sector with Southern African Customs Union    Deep Palestinian divide after UN Security Council backs US ceasefire plan for Gaza    Egypt scraps parliamentary election results in 19 districts over violations    Health minister warns Africa faces 'critical moment' as development aid plunges    Egypt's drug authority discusses market stability with global pharma firms    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



BP resuming operations in Libya: NOC
British petroleum lifted the state of force majeure starting 15 May and will return to exploration activity in the third largest producer in Africa
Published in Ahram Online on 29 - 05 - 2012

BP will return to Libya to resume oil and gas exploration work, which it halted last year due to the uprising against Muammar Gaddafi's rule, Libya's state oil company NOC said.
National Oil Corporation (NOC) said its chairman Nouri Berouin held a meeting on Tuesday with BP's deputy chief for exploration, at the NOC's headquarters.
"During the meeting, BP announced the lifting of the state of force majeure starting on May 15, 2012, and a return to carry out exploratory activity at onshore and offshore areas belonging to it in Libya," NOC said in a statement on its website.
London-based BP has no oil and gas production in Libya. In February 2011, it was preparing to start exploration in western Libya when it suspended the work because of unrest.
BP in 2007 signed a $900 million deal for exploration in Libya. It was planning to drill two wells, one offshore and one onshore.
Libya was Africa's third-largest oil producer before the conflict. Oil companies including Eni and Total have already resumed some of their output in Libya.


Clic here to read the story from its source.