Libya’s National Oil Corporation (NOC) has outlined its strategy to increase oil production rates through the rehabilitation and exploration of at least 36 oil wells.
The NOC will work with its partners – including the Arabian Gulf Oil Company (AGOCO), Sirte Oil Company, Mellitah Oil & Gas B.V., Akakus Oil Operations and Waha Oil Company – to reopen, rehabilitate and complete technical maintenance on a number of wells. Furthermore, the NOC will work to expediate exploration and production on several wells throughout Libya.
As part of the strategy, NOC subsidiary AGOCO will reopen its shut wells HH59-65 and C309-65. The wells are situated in the Messla and Sarir oil fields and boast a production rate of 2,104 barrels per day (bpd) and 1,134 bpd, respectively. What’s more, AGOCO will rehabilitate the 320-bpd V01-NC8A oil well in the Hamada oil field.
Oil explorer and producer Sirte Oil Company will undergo exploratory well drilling at its M.N.6 contract area near the Al-Lahib field while completing drilling at a number of wells in the Murzuq Basin, southwest Libya. What’s more, Sirte Oil Company will complete maintenance work at the exploratory block NC101 while taking the 2,400-bpd A1-NC107 well to production.
Oil exploration company Mellitah Oil & Gas B.V. will perform rehabilitation on wells A75, A-16 and A-71 in the Abu Attifel oil and gas field as well as the B4-27 well in the Bouri field. The company also plans to start drilling at its A1, FB-21HOR-ST2 and B4-49 wells, situated in the Abu Attifel, El Feel and Bouri oil fields, respectively.
Meanwhile, oil company Akakus Oil Operations will complete drilling operations and technical maintenance work on a number of wells in the Al Sharara oil field. After lifting a force majeure declaration for the Al Sharara field in January, the company is poised to start producing up to 330,000 bpd from blocks NC115 and NC186.
Waha Oil Company – a subsidiary of the NOC – recently increased oil production at its oil fields, which include the Al-Daffa and Gallo fields, by 40,000 bpd since October 2022. The increase in production included using the latest Geosphere 3D and Long Reach drilling technologies at the B220H horizontal well and drilling a horizontal section exceeding 600m.
The NOC’s new strategy falls in line with the country’s efforts to increase production from 1.25 million to 2 million bpd in the next two to three years.
