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Polish Company to Resume Exploration in Ghadames Basin, Lifting Force Majeure Next April

Khalifa Abdul Sadiq, a board member of the National Oil Corporation and chairman of the force majeure lifting committee at the corporation, held a bilateral meeting on Monday at the corporation’s headquarters in Tripoli with the general manager of the Polish company. This comes as part of the corporation’s encouragement of foreign companies to lift force majeure and resume their exploration activities after security stability in the oil regions.

During the meeting, the Polish company announced the lifting of force majeure and the resumption of its exploration activities in the areas granted to it in the Ghadames Basin starting from the beginning of next April. This comes after nearly ten years since the company declared force majeure in 2014, during which it achieved two gas discoveries in the Ghadames Basin area.

Khalifa Abdul Sadiq, a board member of the National Oil Corporation, welcomed this announcement, confirming that the corporation will provide all logistical facilitations needed by the company to fulfill its contractual commitment, including drilling exploration wells and seismic surveys.

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