BP Expects To Start Exploration In Libya With Eni In First Quarter

BP expects to begin exploration with Italian oil major Eni in Libya in the first quarter of next year, CEO Bob Dudley told Reuters on Oct. 25.

Eni agreed in October to buy half of BP’s 85% stake in a Libyan oil and gas license and become the operator of the exploration and production sharing agreement in the country.

Dudley said the agreement with Eni did not mean BP was thinking of pulling out of Libya.