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Sunday, October 28, 2018
BP and ENI expect to begin joint exploration in Libya in Q1 2019, according to CEO Bob Dudley.“I’m not sure about this year since it takes time to set up offshore rigs but Q1 for sure,” Dudley was cited by Reuters as saying.
Earlier this month ENI agreed to buy half of BP’s 85% stake in a Libyan oil and gas license and become the operator of the exploration and production sharing agreement in the country.
Dudley said the agreement with ENI did not mean BP was thinking of pulling out of Libya.
“We remain committed and have plans to expand,” he said.
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