NOC’s increased production announcements – approaching 1.5 million barrels per day

‎Libya’s state National Oil Corporation (NOC) announced yesterday that according to its plan, Libyan fields continue to gradually increase their daily oil and gas production with steady steps. It reported that crude oil and condensate production had increased yesterday to a total of 1,364,438 barrels per day (bpd) of crude oil and 208,000 barrels of gas equivalent.‎Nafusa Oil’s North Hamada oil field exceeds 10,000 bpdToday, the NOC announced that the production of the North Hamada oil field, which belongs to the Nafusa Oil Operations Company and is in the contracting area 47 in the Ghadames basin, exceeded the 10,000 barrels per day barrier. ‎‎Sirte Oil completes drilling of E120 development wellLast Saturday (2 November) the NOC had announced that Sirte Oil and Gas Production and Processing Company successfully completed the drilling of development well E120 in the contractual area 20 in the Raquba field. This, it said, comes as part of the first phase of development drilling, which aims to install the Qarqaf reservoir north of Raquba at a depth of 5,400 feet, based on the results of recent reservoir studies in the field.‎‎The NOC said the evaluations of the well on Friday showed promising ‎‎results with a normal flow rate of 900 barrels of oil per day on the volume of the gorge “64/44”. ‎Waha Oil reaches 335,000 bpdFinally, and also on Saturday (2 November), the NOC publicly expressed its appreciation to Waha Oil Company for reaching a production rate of more than 335,000 bpd – a number that Waha had not achieved for years, the NOC noted.‎The NOC noted that these developments are in line with its goal to increase its crude oil production as a key component of its long-term energy strategy in line with its ambitious plan to increase oil and gas production.‎

Source:Libya Today

November 05, 2024 23:27 UTC


The second edition of Libya Build in Benghazi, over 10 Italian companies present

The Libyan general Khalifa Haftar, Commander in Chief of the Libyan National Army (LNA) based in eastern Libya, today inaugurated in Benghazi the second edition of Libya Build Benghazi, an event dedicated to the building and construction sector, with a strong presence of Italian companies ready to contribute to the reconstruction of the areas devastated by the floods that hit eastern Libya on 11 September 2023, causing around 6.000 deaths and destroying large areas of the city of Derna. Also present are excellent Italian companies such as Modenese Arredamenti di Lusso and Renco, active in the oil & gas and infrastructure sector. After the Italian-Libyan Business Forum in Tripoli, which brought over 100 representatives of Italian companies and institutions to the Libyan capital last week, the presence of Italians at Libya Build confirms the interest of the Italian business system in the reconstruction of Libya, particularly in the construction sector. The event today sees the participation of Nicola Colicchi, president of the Italian-Libyan Chamber of Commerce, while the arrival of the Italian ambassador to Libya, Gianluca Alberini, is expected tomorrow, demonstrating Italy's strong interest in consolidating economic and diplomatic relations with the North African country. Read also other news on Nova NewsClick here and receive updates on WhatsAppFollow us on the social channels of Nova News on Twitter, LinkedIn, Instagram, Telegram

Source:Libya Today

November 04, 2024 19:22 UTC


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