Libya.. removal of force majeure on geological exploration for oil and gas production

On Monday evening, the Council of Ministers of the Interim Government of National Unity of Libya announced the abolition of the force majeure status of oil and gas exploration.

The Council called on international oil companies that have contracts with the National Oil Corporation to resume operations in Libya.

In a statement published by the Our Government platform on his Facebook page, he confirmed the readiness of the government to provide the necessary support in this regard.

The Council of Ministers stated that this measure is being implemented as part of the efforts of the Interim Government of National Unity to restore life to various sectors in the Libyan state and is the culmination of its efforts to support the oil sector, and in line with the recommendations of the National Oil Corporation to drop the force majeure case, contained in the letter of the Chairman of the Board of Directors of the National Oil Corporation No. 6551 dated November 24, 2022”.

She said the force majeure cancellation announcement came after objective observation and evaluation based on a realistic and logical analysis of the security situation, which began to improve significantly and led to the start of earthworks in areas that were difficult to work in.

The Unity Government notified the international oil and gas companies that have signed oil and gas exploration and production agreements with the National Oil Corporation in Libya of the lifting of the force majeure declared by the corporation and welcomed their resumption of operations in Libya.

He also reaffirmed his full readiness to provide the necessary support to companies so that they can resume all their operations and help them facilitate their return and ensure a safe working environment.

She indicated that Libya continues to promote the oil sector as the country’s main resource and maintain a regular flow of oil to world markets, stressing that all relevant ministries and departments of the Libyan state have been instructed to take the necessary measures to ensure proper conditions for companies to complete their work.

Wardrobe b #government of _ national _ unity Case announcement #irresistible force On oil and gas exploration work, calling on international oil companies that have contracts with the National Oil Corporation to resume their work in Libya, emphasizing the government’s readiness to provide them with the necessary support and ensure their safe operation. Environment. rice.twitter.com/eQAhHTsyL2

Our government (@Hakomitna) December 5, 2022

Source: Libyan media