BP Plans 17 New Libyan Wells

BP has confirmed that it will drill 17 new wells as part of its exploration program in Libya.

“We have lifted force majeure and started the programme ” Jasper Peijs, BP’s exploration manager-eastern hemisphere told a African oil conference in Cape Town.

BP announced in May that it was resuming operations in Libya, and in August the company said it would start its $2 billion deep-sea drilling programme in 2013 under its joint Exploration and Production (E&P) agreement with the National Oil Corporation (NOC).

Peijs added:

"Offshore we have acquired 17,000 square kilometers of 3-D seismic in the Sirte Basin, another commitment to five exploration wells and onshore we’ve acquired 14,000 square kilometers of 3-D in the Ghadames Basin and have a commitment of 12 exploration wells."

(Source: Libya Herald)

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