Major oil companies return to Libya after a decade away

According to a statement by the National Oil Corporation (NOC)of Libya, Italy’s Eni has resumed exploratory drilling in the Ghadames Basin. The company operates the exploration block where it is drilling in partnership with BP and the Libyan Investment Authority—the country’s sovereign wealth fund. According to the Libyan state energy company and reporting by Oil Price two other Western energy majors are also returning to Libya. Repsol, the Spanish operator, was preparing to start drilling in the Murzuq Basin in the coming weeks, and Austria’s OMV was also preparing for drilling in the Sirte Basin.