Algeria's Sonatrach to Resume Libya Drilling in June

Source: Reuters 6/4/2012, Location: Africa

Algerian state energy firm Sonatrach is to resume exploratory drilling in neighbouring Libya by the end of June after suspending work because of last year's uprising, an official in Algeria's energy sector said.

Sonatrach has exploration rights in the Ghadames basin, near the border between the two countries. Sonatrach's overseas unit will start drilling a fifth well at block 65, one of two blocks it is exploring in the Ghadames basin, the energy official said, speaking on condition of anonymity.

Algerian officials had announced last month that Sonatrach would return to Libya, but at the time it was not clear how quickly the company would be able to resume exploration.

Foreign companies are gradually going back to Libya, despite concerns over security and about the possibility the new authorities will review contracts signed during the rule of ousted leader Muammar Gaddafi.

Oil major BP last week announced it would be resuming exploration work on its concessions in Libya, home to Africa's largest proven oil reserves.


United Kingdom >>  6/28/2022 - Baron Oil Plc, the AIM-quoted oil and gas exploration company with projects in SE Asia and the UK, announces that at the Annual General Meeting of the...
Egypt >>  6/27/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Roger Planck, Chairman of the Board of Directors of the American ...

Mongolia >>  6/27/2022 - The AIM-listed Mongolian oil explorer Petro Matad Limited ("Petro Matad" ) releases its audited final results for the fiscal year that ended on Decemb...
Uruguay >>  6/27/2022 - With assets in oil production, appraisal, development, and exploration across the region, Challenger Energy (CEG), an oil and gas company with a focus...

Colombia >>  6/24/2022 - ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC), the National Oil Company of In...
Indonesia >>  6/24/2022 - A Production Sharing Contract (PSC) has been signed with PETRONAS North Ketapang Sdn. Bhd., a subsidiary of PETRONAS, for the North Ketapang Block, wh...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.