Libya situation worrying with Wafa field shut, says Eni The unrest in Libya is worrying as the natural-gas Wafa field remains shut, said chief executive Paolo Scaroni of Eni, as the Italian energy company continues to face challenges in the key North African country two years after the end of Muammar Gaddafi’s regime. “We are concerned as the Wafa field is shut...as it plays a fundamental role in the Western Libyan Gas Project,” said Scaroni at a conference in Rome. “There are no forecasts of when it will restart,” he added, referring to the field it jointly operates with the National Oil Company of Libya. Eni is the international oil and gas company with the biggest operations in Libya. Libya is a key market for Eni and represented about 15% of the Rome-based company’s total output before the outbreak of the civil war in 2011 that toppled the four-decade old Gaddafi regime. Separately Scaroni said Eni will bid for two offshore hydrocarbon blocs to be auctioned next month in Myanmar. The outcome of the auction is expected at the start of 2014. Eni has been awarded exploration contracts on two on-shore blocs in the Asian country, Scaroni also said. “It is a country that has had little exploration [activities], he added.
Posted on: Fri, 25 Oct 2013 23:21:56 +0000