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Home Business

Poles to start drilling for oil next month

byMichel Cousins
March 22, 2013
Reading Time: 1 min read
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Poles to start drilling for oil next month
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Tripoli, 13 March 2013:

The Polish . . .[restrict]Oil and Gas Company Libya (POGC) is to start drilling its first exploration well in the Murzuk basin next month. This was disclosed by the company’s chairman, Marek Karabula, during talks in Tripoli with Libyan Oil Minister Abdelbari al-Arusi, according to the Libyan news agency LANA.

POGC’s parent, Polish state-owned oil company PGNiG, was awarded two concessions in the area in 2007 – license area 113 (blocks 1 and 2) – and was to have started exploration in 2011.  However, with the revolution it evacuated staff and is restarting operation only now.

In their meeting, according to LANA, Karabula and Arusi looked into the possibilities of extending Polish oil and gas exploration in Libya.

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