Security Vacuum Delays POGC Drilling Restart
Security is crippling progress in Libya’s oil sector. Polish state oil company POGC has put its Libyan exploration drilling restart on hold after locals demanding jobs held up security staff. Both it and other IOCs are reconsidering their position in Libya.
POGC has been one of the most bullish of all IOCs in Libya in attempting to re-start exploration post Revolution. But the failure of its...