#Country Updates #Libya #News #Upstream Exploration & Production

Sirte Oil hits 100,000 bpd

Sirte Oil hits 100,000 bpd

Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.

National Oil Corp. (NOC) chairman Mustafa Sanalla expressed his gratitude to SOC. The improvement came “despite the reduction of the Central Bank of Libya (CBL) to the budgets needed by the NOC to run the sector, the low level of services, the scarcity of financial resources, and the suspension of training programmes”, he said. SOC’s workers “have withstood and performed an extraordinary job, and their only motivation was high patriotism and their love for their homeland and their affiliation with the oil sector”, Sanalla said.

The NOC subsidiary had been producing an average of 55,000 bpd before the blockade, imposed in January. SOC had achieved the increase through a workover on 24 wells and the installation of electric submersible pumps. The company had also implemented a new development programme at the El Harach reservoir, in South Zelten. This work involved rig-less well intervention, acidisation and hydraulic fracturing.

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Source: EnergyVoice

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