Rompetrol To Resume Oil Drilling In Libya In 1Q 2012

Drilling was ceased in February this year following the political and social turmoil in the country.

“Right now, the political situation in Libya seems to have stabilized, and some of our traditional partners have resumed or will resume activity in the near future. As such, we expect to completely resume drilling in the first quarter of 2012, especially since initial information shows that the installations are 90% functional,” said Rompetrol general manager Gheorghe Georgescu.

The group has already sent a team of specialists to evaluate the state of equipment, and staff will gradually return to Libya.