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Sunday, December 11, 2011

Libya: ''Europe's Largest Oil Companies Preparing for Resumption of Oil Exploration''

read more........from tripoli post.......

"BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya after the ousting of former Libyan dictator Muammar Al Qathafi. Both said they are evaluating resumption of drilling at wells begun before hostilities broke out at the start of this year, Bloomberg has reported the respective oil companies' CEOs saying.

BP, which signed an exploration agreement with Libya in May 2007, stopped exploration in February at the break of the revolution. At the time, it was “on the verge” of starting to drill two onshore and offshore wells in Libya. Now it says it has been asked by the government to return to the country."

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