BP

Libya: oil companies happy, African migrants not so much

British Petroleum (BP) announced Aug. 24 that it expects to move ahead next year with deep-sea drilling work off the coast of Libya—resuming its $2 billion exploration program halted by the revolution against Moammar Qaddafi's regime last year. The oil major, which in May lifted a freeze on its activities in the North African country, will shortly resume preliminary work on the project, with drilling itself set to start some time in 2013. BP is currently choosing contractors for underwater geological surveying, a tender invitation posted on the Libyan National Oil Company website indicates. Under the deal signed with the Qaddafi government in 2007, BP will explore in the Sirt basin, more than ten times the size of its deep-water blocks off Angola. Under the 2007 contract, BP acquired 31,000 square kilometers of three-dimensional seismic data both offshore and onshore, with explorations in the Ghadames basin of Libya's western desert. (MarketWatch, Aug. 24)

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