Bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin.
The agreement provides a framework for bp to assess a range of technical data and to work effectively with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programs.
William Lin, bp Executive Vice President of Gas & Low Carbon Energy, said: “This agreement reflects our strong interest in deepening our partnership with NOC and supporting the future of Libya’s energy sector.
“We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world to help optimize the performance of these world-class assets. We look forward to conducting thorough studies, working closely with NOC, to evaluate the resource potential of this promising region.”
Source: https://energynewsafrica.com
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