Tatneft resuming operations in Libya

PJSC Tatneft resumed geological exploration in Libya and is completing work on wells suspended due to force majeure on one of the contract blocks with support of the National Oil Corp. of Libya (NOC) (OGJ Online, Aug.7, 2020).

Tatneft obtained a concession for the development of an oil field in the Gedamis area (Block 82-4) as part of the second open international tender announced by NOC. The company won the rights to three more oil fields in the Gedamis and Sirte basins in the third international tender in December 2006. The total area of the contract plots amounts to 18,000 sq km.

Tatneft and NOC have been partners since 2005.