Akakus Oil Operations has completed drilling two development wells, Nos. A41H and A44, in the NC115 block in the Sharara field, west of Obari. Each has a production capacity 3,500 barrels a day.
Initial results have shown that the two wells contain high-quality hydrocarbon-source rock and reservoir characteristics. They are expected to enter into production in the near future.
The chairman of NOC, Farhat Bengdara, welcomed on Monday morning the EU ambassador, Nicola Orlando, along with the EU mission’s head of cooperation and the manager of its energy and climate action programme.
The meeting focussed in particular on environmental protection, methane emission reduction and gas flaring. It also covered NOC plans to promote the involvement of the private sector in the development of sustainable energy production..
Describing the meeting as “productive”, Orlando confirmed that it had explored opportunities for cooperation in sustainable oil and gas growth, renewable energy, environmental protection and energy connectivity, also adding that one of the objectives was a strong role for the private sector.
“We also agreed to explore collaboration on reducing methane emissions, supporting Libya’s commitment to zero flaring.”, he added, saying that he looked forward to deepening a “sustainable energy partnership” between the EU and the NOC.
At a meeting in Brega today, Monday, with the chairman and members of the board of directors of Sirte Oil, top NOC officials reviewed the activityies of the company during the current year, 2024, and its future projects and production plans for 2025.
Attending on the NOC’s part were the directors of its departments of oil industries, inspection and measurement, marketing accounts and budgets, international marketing, training and planning. Also attending were various specialists from both the NOC and Sirte Oil.
According to the NOC, its directors who participated what was a technical event “appreciated the pioneering role” of the company in carrying out planned overhauls, maintenance and projects, in particular those related to the methanol plants, the Brega refinery and to shipping.
The NOC chairman, Farhat Bengdara, had talks today with the British ambassador, Martin Longden, on areas of potential cooperation between the two countries on oil, gas and renewable energy.
At their meeting in Tripoli, the two also discussed plans to increase production and improve operating systems in the fields as well as the means to achieve complete independence in the sector. They also discussed the importance of improving transparency and governance systems.
National Oil Corporation (NOC) chairman Farhat Bengdara met the French ambassador, Mostafa Mihraje, earlier today in Tripoli to discuss cooperation and ways of ensuring stability in the Libyan oil and gas sector and its independence, both as objectives in themselves but also to help increase oil and gas production.
They also discussed strategies aimed at enhancing the performance of oil facilities and potential developments to meet the ambitions of the Libyan oil sector.
During a technical meeting with Ras Lanuf Oil and Gas Processing Company (RASCO) today, Sunday, at the Ras Lanuf industrial complex, the NOC’s technical and financial departments reviewed the company’s overall performance this year, along with its upcoming projects and it 2025 production targets with RASCO’s chairman and directors.
Attending were the NOC’s directors of several departments including Inspection and Measurement, Marketing, Accountsand Budgetting, and Training and Planning as well as a group of specialists plus representatives from the Petroleum Research Centre
NOC participants were reported to have praised the “pioneering role” of RASCO in meeting local needs for high-quality polyethylene products.