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Monday, November 26, 2018
Algerian state-run firm has repatriated its equipment from its acreage in Libya. According to Libyan media reports, the Algerian firm removed its equipment used in the development work of an oil block located on the border with Algeria, in the coastal basin of Ghadames. The equipment was removed due to the current security situation in the region.
Sonatrach’s repatriation of its equipment was preceded by the evacuation of its employees. The company had completed drilling about seven production-ready wells before deciding to retire temporarily until security conditions improved, reports The Libya Observer.
No further details were offered by Algerian or Libyan authorities. It is also unclear whether the violence has resumed in this zone where a lull was observed a few months ago.
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