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Monday, February 21, 2011

Foreign oil and gas companies present in Libya


Foreign oil companies were reassessing operations in the country, and oil had reportedly stopped flowing at the Nafoora oilfield in Libya's Sirte basin, according to Al Jazeera, although few details were available.

The following lists oil and gas companies present in Libya.


  1. BASF :  Wintershall, the oil and gas exploration arm of chemical company BASF, said on Monday it was preparing to wind down oil production in Libya and fly out international staff in response to unrest.  A statement by the Kassel, Germany-based firm said it was making preparations to fly out some 130 people of German, Dutch, Canadian, British and other nationalities and their families to ensure their security. In accordance with its local partner, Libya's National Oil Corporation (NOC), Wintershall is taking steps to gradually close oil production, which currently is up to 100,000 barrels per day, it said. The Tripoli office of Wintershall will be temporarily unstaffed except for a small core staff, it said.
  2. BP:   BP on Monday said it had suspended preparations for drilling in Libya, but a spokesman added it was years away from production there. The drilling would be the first under a $900 million deal BP signed with Libya in 2007, which BP said at the time was its largest single exploration commitment.
  3. Shell :  Royal Dutch Shell said it had temporarily relocated the dependents of expatriate staff outside Libya and was monitoring the situation.  Shell signed a deal with the Libyan government in 2005 to explore and develop five areas in the Sirte basin and was also awarded a gas exploration permit in 2007. Its current operations in Libya are limited to exploration.

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