NOC sees its longer term output gains coming from new developments. But for this, it needs to persuade firms that have not been active in Libya since the 2011 war to return.
On 5 October NOC all but announced Russia’s Tatneft had returned to Libya, welcoming “progress of seismic surveys being conduced by Tatneft in the Hamada area of Ghamades basin.” NOC added that Tatneft “expressed its readiness to return to Libya in the coming weeks to complete the remainder of its contracted work.” With a six-month war for the capital showing few signs of ending, it is difficult to see Tatneft making a full return, however. (CONTINUED - 309 WORDS)
