Supermajors Return To Libya As Political Climate Stabilizes

BP and Eni, as well as Algeria’s Sonatrach have returned to Libya after a force majeure forced them out of the North African country. In a statement, Libya’s National Oil Corporation said that BP and Eni had notified it about lifting the force majeure and returning to fulfill their contractual obligations in several onshore and offshore blocks the Libyan government had previously awarded to them. Foreign oil and gas companies declared forcer majeure on their operations in Libya amid the troubled political situation in the country that…