POGC plans the imminent re-start of exploration activities on its Murzuq basin acreage with first drilling slated for January. This would make POGC only the second foreign firm after Sonatrach to restart onshore exploration drilling.
POGC struck a deal with Libya’s National Oil Company (NOC) earlier this month whereby the Polish firm lifted force majeure on its Area 113 (Blocks 1 and 2) exploration acreage in the Murzuq basin. Unlike several other IOCs who lifted force majeure without firm plans to resume activity, POGC delayed lifting until it was happy that the security was in place to resume a drilling campaign it had been about to commence in February last year. (CONTINUED - 1703 WORDS)
