By Sami Zaptia.
London, 5 October 2021:
National Oil Corporation (NOC) chairman, Mustafa Sanalla, met with a delegation from the National Energy Services Reunited NESR at the NOC’s Tripoli headquarters on Sunday.
At the meeting, Sanalla stressed that Libya is a promising country due to its capabilities in terms of oil, gas and other various raw materials, which enabled it to impose its presence in the field of investments in energy and its derivatives and creating competition between various international companies to work and invest in them by signing contracts and agreements with the NOC and its companies.
For his part, NESR CEO Sherif Fouda stressed that NESR focuses primarily on investment and work in Libya due to the good and promising opportunities in it.
A role for NESR in the NOC’s plans?
Sanalla further explained that the coming year will witness ambitious action plans that will contribute to achieving a package of the NOC’s goals, the most important of which is the drilling of dozens of wells on land and sea and many oil operations, pointing to the role of NESR in achieving these goals.
Drilling operations will multiply if budgets made available
Member of the NOC Board of Directors for Exploration, Abu al-Gasim Shanqir, also indicated the need for a partnership with the corporation’s companies Al-Jawf, National Drilling, and National Oil Construction to enhance the exchange of experiences and mutual benefit, adding that drilling operations will multiply if the required budgets are available, and pointing to the importance of the existence of service companies with the aim of creating a spirit of competition among companies with specialization.
Creating partnerships with local Libyan companies
Sanalla also praised the importance of cooperation between NESR and the NOC, to discuss ways of partnership with national companies contributing in the field of various oil services owned by the NOC, such as the National Oil Construction Company in the field of construction, and the Waha and Harouge companies in the fields of drilling, maintenance of wells and reservoirs, and surveying lines, and in various services that suit the specializations of the NESR.