Egypt Oil & Gas: Libya’s National Oil Company (NOC)’s Chairman of the Board of Directors, Mustafa Sanallah, met with the Executive Director of Operations at Eni, Alessandro Politi, to discuss the future development of the second phase of Al-Buri offshore field, according to a press release.
The meeting reviewed all issues related to the development of the project from a financial, legal, technical, and logistical point of view. The aspects were affected at the Al-Buri offshore field after operations came to a standstill following the period of Force Majeure.
NOC admitted the current challenges facing the company and that a significant amount of funding is needed.
NOC and Eni Group’s cooperation dates back nearly fifty years, with NOC hoping to extend this relationship for the development of the oil and gas sector in Libya.