NOC, BP & Eni to Explore Giant Gas Field in Libya

Libya’s National Oil Corporation (NOC), bp and Eni have signed an agreement to begin exploration activities on a major offshore gas field in the Libyan Mediterranean. New NOC Chairman Farhat Bengdara told reporters: “Libya has concluded an agreement with Eni and BP to start drilling and producing gas in the Mediterranean,’’ during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

Bengdara suggested the gas field is similar to the Egyptian Zohr field but added that “it is larger.” The Chairman added that Eni will also invest $8 billion to develop natural gas fields in western Libya.