COMPANY
We are an integrated energy company committed to the energy transition with solid actions for carbon neutrality by 2050
- NATURAL RESOURCES
Company
Governance
Sustainability
Governance
Vision
Actions
Products
Actions
Energy Diversification
Technologies for the transition
Technologies for the transition
Partnership for innovation
Activities around the world
Investors
Media
Careers
San Donato Milanese (MI), 3 August 2023 - Today, Eni formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%.
Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration programme will be carried out; this study yielded positive results.
Following the revocation of Force Majeure by the JV, Eni, as operator of the blocks, will be able to resume the contract activities in exploration basins, some of which are located close to Wafa’s gas facilities.
With an 80% share of national production (1.6 Bscf/d in 2022), Eni is the country's leading gas producer and domestic market supplier. The company has been operating in Libya since 1959 and currently has a large portfolio of assets under exploration, production and development. Production activities are operated through the joint venture company Mellitah Oil and Gas BV (Eni 50%, NOC 50%). Equity production was 165,000 barrels of oil equivalent per day in 2022.
Continue reading
Reduce
Download document