No Result
View All Result
Wednesday, August 27, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

NOC reviews Japanese development study of Sirte Basin concession 47

bySami Zaptia
February 3, 2020
Reading Time: 1 min read
A A

By Sami Zaptia.

(Logo: NOC).

London, 3 February 2020:

Libya’s state National Oil Corporation (NOC) chairman, Mustafa Sanalla, met in London last Wednesday with the Japanese coalition tasked with studying the development of concession 47 in Libya’s Sirte Basin (Al-Bayda and Al-Haram fields) under the 2009 memorandum of understanding.

The NOC reported that the coalition presented in detail the results of the study and the optimal development plan with a development strategy of the Al-Bayda and Al-Haram fields to raise production rates to about 80,000 barrels per day. Currently, the fields produce less than 10,000 barrels per day with the Al-Haram field not going into production since its discovery in the 1960s due to its heavy oil.

The NOC expressed satisfaction with the Japanese coalition’s presentation, expressing some observations to be considered. The coalition will present a revised development plan in the coming days and a proposed type of contractual relationship.

RELATED POSTS

NOC discusses exploration and production with US oil giant Chevron in its 4 billion reserves, 18 bn barrels of shale oil and 123 trillion cubic ft of natural gas

Toyota Libya starts training 8 youth as part of its regular “Discover Your Talent” training programme

It will be recalled that the NOC is engaged in a major plan to increase Libya’s oil production. However, at the time of writing, oil production is down to from over 1.2 million barrels per day (mbpd) to 320,000 b/d.

It will be recalled that, ostensibly, tribal supporters of Khalifa Hafter in the eastern Libyan oil crescent blockaded oil ports preventing Libya from exporting its production on 18 January – the eve of the Berlin conference on Libya. Other fields in other areas were also shut down. The internationally recognized government in Tripoli blames the blockade directly on Khalifa Hafter.

https://www.libyaherald.com/2020/01/26/noc-calls-for-oil-blockade-to-be-ended-updates-production-and-revenue-losses/

 

 

 

 

Tags: crude oil productionfeaturedjapan japaneseNOC chairman Mustafa SanallaNOC National Oil Corporation

Related Posts

‘‘Enhancing skills related to the green and blue economy to enhance employment opportunities’’ workshop held in Tripoli
Business

Ministry of Planning launches Libya 2050 Vision

August 27, 2025
The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

Qatari shipping line Milaha begins its Libya operations from Misrata Free Zone

August 27, 2025
Economy Ministry workshop on developing fisheries sector and its role in achieving economic diversification
Business

Total fish exports ban reimposed to deflate local prices – exceptional export licenses issued by Economy Ministry cancelled

August 27, 2025
Libya and Shell discuss several areas of cooperation
Business

Oil Ministry discusses creating attractive investment environment for sector, including issuing Investor Guide booklet

August 26, 2025
Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop
Business

Tripoli City Metro options reviewed including financing mechanisms and investment opportunities

August 26, 2025
Toyota Libya starts training 8 youth as part of its regular “Discover Your Talent” training programme
Business

Toyota Libya starts training 8 youth as part of its regular “Discover Your Talent” training programme

August 26, 2025
Next Post
Zallaf and Petrofac discuss implementation of the early production equipment project

Zallaf and Petrofac discuss implementation of the early production equipment project

Tax contribution to state budget increasing: Ministry of Finance

ADVERTISEMENT

Top Stories

  • NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

    NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

    0 shares
    Share 0 Tweet 0
  • CBL Governor Issa vows to end Libya’s liquidity crisis by 1 October

    0 shares
    Share 0 Tweet 0
  • Medsky to launch new direct flights between Libya and Athens soon

    0 shares
    Share 0 Tweet 0
  • Tripoli Interior Ministry: We thwarted attempted rocket attack on UN Mission’s Tripoli headquarters

    0 shares
    Share 0 Tweet 0
  • Libyan Railroads to issue consultancy tender for Tripoli rail project

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

General Authority for Telecommunications and Informatics launches 2025 Frequency Allocation Plan

Ministry of Planning launches Libya 2050 Vision

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.