Libya’s National Oil Corporation will soon resume the Phase 2 development of the Bahr Essalam field—the largest producing offshore gas deposit in the country—and by the end of the year, the phase should be completed. This is what NOC’s chairman Mustafa Sanalla said in a statement following a meeting with Italian Eni’s head, Claudio Descalzi. Eni and NOC operate Bahr Essalam jointly. The second phase of development of the field began in July this year and was supposed to be finalized last month, but work was delayed. This phase should add, according to Eni, 400 million cu ft of natural gas to its daily production, which now stands at 700 million cu ft. The field’s reserves are calculated at more than 260 billion cubic meters of natural gas. At the time when Phase 2 was launched, NOC’s Sanalla said the field’s development would benefit Libya’s economy by reducing its […]