Eni Revokes Force Majeure Status on Three Exploration Assets in Libya
03 Agosto 2023 - 6:12AM
Noticias Dow Jones
By Giulia Petroni
Italian oil-and-gas major Eni has revoked a force majeure status
declared in 2014 on three exploration assets in Libya and said it
will resume activities in the area.
The move follows an assessment of security conditions in the
areas where the exploration program will be carried out, the
company said on Thursday.
Eni operates the onshore and offshore exploration areas with a
42.5% stake, along with BP and the Libyan Investment Authority.
Production activities are operated through a joint venture between
Eni and Libya's National Oil Corporation called Mellitah Oil and
Gas.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 03, 2023 06:57 ET (10:57 GMT)
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