Total is aiming to start offshore exploratory drilling in Libya May for gas, in a further sign the OPEC member's energy industry is returning to normal after the 2011 war.
Speaking at the Libya Oil & Gas Summit in Tripoli, Bernard Avignon, Managing Director of Total Exploration and Production in Libya, said the company was waiting for a drilling rig that was undergoing tests in Croatia. He added the cost of drilling the two exploration wells would be $130 million for this year.
Total, which operates in Libya through the Mabrouk joint venture with the state National Oil Corporation, currently produces 41,000 barrels per day (bpd) of oil at its offshore al-Jurf field and 35,000 bpd at its onshore Mabrouk field. He said Total also wanted to do more seismic studies in the area around the Mabrouk oilfield.