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OMV Resumes Operations in Libya After Halt Since 2011
Last Saturday, the Austrian oil company OMV resumed its exploration activities in Libya, focusing on Block 106/4 in the Sirte Basin to continue drilling at the exploration well B1 – 106/4 (ESSAR PROSPECT).
Zueitina Oil Company is overseeing the drilling operations, with the well expected to reach a final depth of 10,130 feet (3,087 meters) upon completion.
The return of these companies is part of the National Oil Corporation’s (NOC) strategy to boost oil reserves, following a series of measures and successes that have facilitated and supported the resumption of their operations.