April 26, 2018 / 4:50 PM / 4 months ago

Libya's NOC talks to BP and Eni about resuming exploration

TUNIS (Reuters) - Libya’s National Oil Corporation (NOC) has held discussions with majors BP (BP.L) and Eni (ENI.MI) about resuming exploration activity in the North African country, it said on Thursday.

FILE PHOTO: The logo of BP is on display at a petrol station in Moscow, Russia, July 4, 2016. REUTERS/Sergei Karpukhi/File photo

BP signed a major exploration deal in Libya in 2007 but put its onshore plans on hold in 2014 because of security concerns following Libya’s 2011 revolution.

FILE PHOTO: The logo of Italian Eni energy company is seen at a Agip gas station in Lugano, Switzerland June 3, 2016. REUTERS/Arnd Wiegmann

Italy’s Eni has stakes in onshore and offshore oil and gas production in Libya through Mellitah, a joint venture between Eni and NOC.

“Both BP and Eni expressed their desire to quickly return to Libya to resume suspended exploration activities,” NOC said in a statement referring to talks held in Tripoli on Wednesday.

“NOC confirmed its willingness to provide all necessary assistance to enable both companies to resume operations.”

Reporting by Aidan Lewis

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