In 2005, TATNEFT obtained the concession to develop a field in Ghadames, before winning 3 other fields in Ghadames and Sirte in 2006 as part of a production-sharing agreement.
Kazan, December 21 - Neftegaz.RU. TATNEFT
intends to resume production and exploration operation in Libya after a near decade long suspension.
The Media East Monitor reported that the company wished to return and resume production and exploration operations in several locations in Libya.
A Russian oil company intends to resume production and exploration operations in a number of sites in Syria and Libya
, after its activities were halted following the events of the 17 February revolution.
´s President Rustam Minnikhanov
told TASS that the company is studying the resumption of work in 4 exploration blocks in Libya and also plans to resume exploration in Syria.
The company expects that the total production from the projects will reach 50 million tonnes, while it also studies other exploration projects in Central Asia, Africa and the Middle East.
In 2005, TATNEFT obtained the concession to develop a field in Ghadames
, before winning 3 other fields in Ghadames and Sirte in 2006 as part of a production-sharing agreement.
However, all exploration work stopped in March of 2011 due to the military operations in the country, and the company employees were also evacuated.
After 2 years, the company tried to return to Libya but was forced to leave again in 2014 due to the escalation of military tensions.