Eni Restarts Drilling Work Offshore Libya

Group 1 - Eni has resumed drilling operations offshore Libya after a five-year hiatus due to the Covid pandemic, starting at Block 16/4 [1] - Other major oil companies, including Shell and BP, have also signed new exploration deals with the Libyan government, indicating a trend of returning to the region [2] - The National Oil Corporation (NOC) of Libya has signed a memorandum of understanding with BP for hydrocarbon exploration in the Messla and Sarir fields [2] Group 2 - The agreements with major oil companies suggest an improvement in the political situation in Libya, encouraging investment in the oil sector [4] - Libya's oil production is projected to increase to 2 million barrels per day by 2028, with a target of reaching this figure by the end of this year [4] - As of late September, Libya's crude oil production was approximately 1.39 million barrels daily, a slight decrease from August's production of 1.4 million barrels per day [4]