Wintershall Eyes Future Opportunities In Libya Despite Onshore Production Shut-In

Germany’s Wintershall is continuing to explore long-term development options for its Libya business despite the years of turbulence and insecurity in the country, and despite the company’s onshore production being completely shut in, Martin Bachmann, a Wintershall board member responsible for exploration and production, told MEES on the sidelines of the World Gas Conference in Paris on 2 June.

“There is great potential in Libya; we believe that there is still a lot of oil there. We’re in a long-term business and we’re always looking at potential opportunities, especially in places where we’re already operating,” Mr Bachmann added. “We’ve been in Libya for 50 years.” (CONTINUED - 1781 WORDS)