BP + Eni signed an LoI leading to the latter acquiring 42.5% and operatorship from BP in the 29,956-sq km Sirte Offshore Area C permit (Areas 37, 38 + 39), Gulf of Sirte, the 17,612-sq km Ghadames North (Area A) as well as the 5,700-sq km Ghadames South (Area B) permits, Ghadames Basin. Exploration, suspended since 2014, is hoped to resume in 2019. Partnership to become Eni (op) 42.5%, BP 42.5%, Libyan Investment Authority 15%.
Libya, Area C