The Gazprom International delegation headed by Director of the Representative Office in Libya, Viktor Gogitidze, participated in the international Libya Oil & Gas Summit 2012 held from 21 to 23 March in Rome.
Participants in the Conference repeatedly noted at plenary sessions and conference lobbies that the establishment of stability and securing the safety of foreign investors, which
is the principal condition for their return to the country in the nearest future, continue to be the main requirement of time in the current historical moment.
Libyan representatives informed participants of the present state of the oil and gas sector of Libya, priority problems of the development of this industry, and measures taken by the Libyan leadership to restore law and order and to provide for advantageous tax conditions.
Members of the National Transitional Council (NTS) of Libya conveyed an address from Head of NTC, Mustafa Abdel Jalil, to participants of the forum and emphasised that, despite the
temporary status of this political body (the elections to the Libyan Parliament have been scheduled for June), today they even today can assure the gathering in their firm intentions "to respect all previous agreements and contractual obligations" and to facilitate the development of further cooperation with all interested parties in every way.
Employees of Gazprom International had meetings with representatives of the Libyan National Oil Company, governmental bodies of this country, partner organisations and foreign
oil and gas companies. In the process of these contacts, the parties, among other discussions, exchanged information about their plans to renew operations on the Libyan territory in the new conditions.
Gazprom International, the sole specialised operator of Gazprom projects on exploration and development of hydrocarbon deposits beyond the borders of the Russian
Federation, currently participates in the following three projects on the territory of Libya: commercial development of the offshore area No. 19 under a production sharing agreement (the start of drilling operations was planned for the middle of 2011); the offshore area No. 64 in the Gadames oil and gas basin (the first well was predrilled in January 2011). However, in view of the destabilisation of the situation in the country, all the works were stopped and the well with basic equipment was suspended.
Gazprom International also participates in the oil concessions C96 and C97 on the Libyan territory in partnership with the German company Wintershall A.G. The total production of these two concessions, within the 49 percent share of Gazprom, totalled 2 million tonnes of oil and gas condensate and 227 million cubic meters of gas in 2010.