The Italian company Eni announced today, Thursday, the cancellation of force majeure on three exploration assets in Libya, officially canceling the status of force majeure in exploration areas A, B (onshore), and C (offshore) in Libya, in which the company owns a 42.5% stake.
According to the Italian Nova agency, the force majeure announced in 2014 was canceled after the completion of the security risk assessment by Eni to verify the security conditions in the areas where the exploration program will be implemented, and the assessment yielded positive results.
The agency added that the cancellation of force majeure by the joint company will enable Eni, the operator of sectors A, B and C, to resume the contractually envisaged activities in the exploration basins and those close to the gas stations in the Wafa field.