Libya’s Sirte Oil Completes Two Horizontal Wells in Wadi, Zelten Fields
Using advanced reservoir mapping technology, the new wells are projected to increase production capacity by a total of 2,300 barrels per day.
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Using advanced reservoir mapping technology, the new wells are projected to increase production capacity by a total of 2,300 barrels per day.
Libya’s Arabian Gulf Oil Company plans to complete mechanical and electrical connection work on 16 wells across its portfolio.
The commissioning of this new pipeline marks a crucial step in the National Oil Corporation’s broader strategy to replace aging infrastructure and boost oil production across Libya.
The Austrian oil company will restart exploration following a 13-year hiatus.
Energy majors Eni and bp have resumed onshore exploration activities in Libya.
Libya’s parastatal National Oil Corporation (NOC) has announced that crude oil production from the country has recovered to 1.3 million barrels per day (bpd).
Libya’s eastern and western factions have signed a UN-brokered agreement to appoint a new interim governor of the Central Bank.
The Italian business community pledged its support for Libya’s economic and energy sector expansion at the Libya-Italy Roundtable and VIP Networking Event in Rome.
The Italian business community pledged its support for Libya’s economic and energy sector expansion at the Libya-Italy Roundtable and VIP Networking Event in Rome.
Italian energy major Eni confirmed plans to start exploration drilling in the onshore Ghadames Basin next month, as well as the offshore Sirte Basin in 2025.