Waha Oil Company – a subsidiary of Libya’s parastatal National Oil Corporation (NOC) – has reached a production level of 322,000 barrels of oil per day (BOPD).
Announced on July 9, the achievement comes as the NOC aims to increase the country’s oil production from 1.25 million to 2 million BOPD by 2027.
The announcement also follows shortly after Waha Oil Company formed a strategic partnership with global oil services group SLB. The partnership aims to drive production and enhance the technical capabilities of Libyan companies in the oil and gas sector.
