Eni lifts force majeure on exploration assets in Libya
Libya The company, alongside Libya’s National Oil Company, has allowed resumption of activity on onshore exploration areas A and B and offshore exploration area C following a security risk assessment that yielded positive results.
Force majeure was declared on the concessions in 2014.
Eni operates the blocks with a 42.5% stake alongside BP with a 42.5% stake and Libyan Investment Authority with the remaining 15% stake.
The energy giant’s production activities in Libya are carried out through Mellitah Oil and Gas, a 50:50 joint venture between Eni and National Oil Company.
Eni produces around 80% of Libya’s gas output, which averaged 45.3 mcm (1.6 bcf) per day in 2022.
The company has operated in the market since 1959.
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