Libya’s state the National Oil Corporation (NOC) reported today that its Exploration Department and the Algerian company Sonatrach Libya branch discussed the company’s exploration activity this year in the Ghadames Basin (plots: 95 and 96), and the works proposed to be carried out next year 2025.
During a technical meeting held at the NOC ‘s Tripoli headquarters, the ongoing preparations for the resumption of drilling and re-work operations in the A1-96/2 exploratory well, which has been suspended since 2014, and which is expected to start soon, were reviewed. The results of the interpretations of seismic surveys and the evaluation of the expectations discovered in the two plots (95 and 96) and the possibility of presenting them as ready for drilling, were also reviewed.
The meeting was attended by the Acting Director of the NOC ‘s Exploration Department, the General Manager of Sonatrach Libya and his deputy, the Director of Exploration at the company, and a group of specialists from both sides.
A team of specialists from Oil India also participated via closed circuit as partners of Sonatrach Libya in its projects in areas 95 and 96.
NOC extends Sonatrach’s EPSA agreement
It will be recalled that the NOC had extended Sonatrach’s Exploration Production Sharing Agreement (EPSA) for Area 95/96 and Area 65 in January this year. This was to compensate Sonatrach for the suspension period due to the previous force majeure situation.
This followed announcement of lifting the state of force majeure on 7th November 2023 for the contractual areas (95/96) and (65).
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