BP Plans Deep-water Drilling off Libya

The plans, reported in the Financial Times, come in the shadow of controversy, as the oil giant faces new scrutiny of its 2007 deal to acquire gas and oil fields off the Libyan coast at a cost of $900 million.

At a depth of more than 1700 metres below sea level, the new site in Libya’s Gulf of Sirte will be 200 metres deeper than the Gulf of Mexico well that exploded on April 20, killing 11 oil workers and causing immeasurable environmental damage.

The 2007 agreement has since come under fire from American politicians, after BP revealed that it lobbied the UK government over a prisoner transfer agreement between Britain and Libya.'

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