Libya has started drilling its first deepwater oil and gas exploration well in the Gulf of Sirte, marking a new step in the country’s offshore energy strategy. The operation is part of a project involving Italy’s Eni, BP, the Libyan Investment Authority, and the National Oil Corporation.

The well is being drilled in contractual area 38/3, in waters about 1,900 meters deep. Drilling operations are being carried out using a vessel operated by Italy’s Saipem, with a planned total depth of around 4,500 meters below the seabed.

For more information, please see https://www.ecofinagency.com/news-industry/1901-52045-libya-launches-first-deepwater-oil-and-gas-exploration-well-offshore