TMG to launch post-AI project and begin Noor city deliveries in 2026    Gold prices in Egypt end 2025's final session lower    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    Egypt completes 90% of first-phase gas connections for 'Decent Life' initiative    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Saudi Arabia demands UAE withdrawal from Yemen after air strike on 'unauthorised' arms    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Qatari Diar pays Egypt $3.5bn initial installment for $29.7bn Alam El Roum investment deal    Egypt to launch 2026-2030 national strategy for 11m people with disabilities    Kremlin demands Ukraine's total withdrawal from Donbas before any ceasefire    The apprentice's ascent: JD Vance's five-point blueprint for 2028    Health Ministry, Veterinarians' Syndicate discuss training, law amendments, veterinary drugs    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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 to start drilling for oil off Libyan coast
Published in Almasry Alyoum on 26 - 07 - 2010

British Petroleum (BP) will start drilling off the Libyan coast within a few weeks, the corporation announced Saturday, despite lingering questions over the deal which led to the exploration and concerns about the oil firm's role in the Gulf of Mexico oil spill.
The move comes as BP faces increased scrutiny over its acquisition of rights to a big oil and gas field off the African coast three years ago, a subject that overshadowed the visit of David Cameron, UK prime minister, to Washington this week.
At 1700 metres below sea-level in Libya's Gulf of Sirte, the well is planned to reach 200 metres deeper than the Macondo well in the Gulf of Mexico which triggered the worst US offshore oil spill disaster when the Deepwater Horizon rig exploded on 20 April, killing 11 people.
“Drilling will start within a few weeks,” BP confirmed.
According to the Financial Times, US President Barack Obama's imposition of a moratorium on deep-water drilling in the Gulf of Mexico has highlighted the growing importance of new exploration across the Mediterranean.
Diamond Offshore, a US deep-water driller, is moving a rig from the Gulf of Mexico to Egypt, while Australia's APX started drilling last week between Tunisia and Italy. Shell plans to start exploring soon off western Sicily.
“You don't stop flying because of a plane crash,” said Shokri Ghanem, head of Libya's national oil company who signed the 2007 deal with BP's CEO Tony Hayward in the presence of Tony Blair, then UK prime minister.
However, environmentalists and politicians have expressed concerns. A proposal by Günther Oettinger, Europe's energy commissioner, for a moratorium on deep-water drilling in European Union waters failed to receive a response from Mediterranean states.
Antonio D'Alì, chairman of the Italian Senate's environment commission, called for a unified approach from governments.
British foreign minister William Hague assured earlier this month that there was no evidence BP had any connection with the release of Libyan Abdel Basett al-Megrahi, who was convicted of the Lockerbie bombing.
BP had been accused of pressing on the then-British government to release el-Megrahi so BP could pursue its oil exploration deal with Libya.
Translated from the Arabic Edition.


Clic here to read the story from its source.