BP: Libya National Oil Corporation Contract Still Valid. LONDON (Alex Lawler/Reuters) - BP Plc said on Thursday it saw its contract with Libya's National Oil Corporation as still valid, a day after Italy's Eni became the first Western oil and gas firm to try to rebuild bridges with NOC. BP has no oil and gas production in Libya and in February was preparing for the start of exploratory drilling in western Libya when it suspended the effort due to the uprising against Libyan leader Muammar Gaddafi.
"At the moment we just have to wait and see. We're monitoring the situation. We have a contract with NOC and as far as we know it is still in place," a BP spokesman said. Oil firms pulled out staff and shut operations in what is usually Africa's third-largest producer and holder of the continent's largest oil reserves. The revolt against Gaddafi is now struggling to hold its ground one month after it started. Some Libyan officials have sent signals that foreign companies would be welcome back. "Shell offices remain closed. " Le 30 avril, LibéRennes & co se déconnectent.
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