American oil and gas energy fields services company, Halliburton, is planning a strong return to the Libyan oil market, having set a focus on improving Libyan production through the provision of digital solutions and sectoral consultations.
The company’s return was discussed during a meeting between Ahmed Helmi, Manager of Halliburton’s North African Office, and Libyan oil and gas market stakeholders in Tripoli including Mustafa Sanallah, Chairman of the Libyan National Oil Corporation (NOC).
In the meeting, parties discussed the role oil infrastructure maintenance plays in helping both the NOC and the north African country improve oil production. Halliburton is focused on helping Libya revive its oil and gas sector through partnerships, oilfield and infrastructure maintenance and drilling, as well as the upskilling of the local workforce and the application of digital technologies.
The NOC has set an ambitious target of increasing production to 1.4 million barrels per day (bpd) in the short-term and to 2.1 million bpd in the medium term. According to the NOC, up to 90 oil wells are in need of repairs and civil unrest in Libya, which has restrained Halliburton to return into the market, continues to disrupt production. Now, with the return of Halliburton, Libya is on track to meet production targets.
Libya Energy & Economic Summit 2022
The Libya Energy & Economic Summit returns to Tripoli on November 22-23, 2022. After a successful inaugural event in 2021 in partnership with the Office of the Prime Minister, Ministry of Oil and Gas, and National Oil Corporation of Libya, Energy Capital & Power expands this critical hybrid forum in its second year.
