The National Oil Corporation (NOC) held an expanded meeting with its subsidiary Nafusa Oil Operations to discuss the company’s activity this year, especially regarding developing reserves, production, drilling activities, reservoir studies, and expected production rates in the coming 10 years.
Speaking exclusively to Libya Herald, the NOC Media Office said that the meeting came within the NOC’s efforts to raise production rates of its subsidiaries to its 2 million barrels per day 2025 target in view of the provision of the financial support and the necessary capabilities necessary to raise production in all subsidiaries.
Nafusa Oil Company was established in 2013 as a partnership with the Indonesian company Medco and the Libyan Investment Corporation to develop oil discoveries in contracting area No. 47 in the Ghadames basin.
Paths of transport lines
The Media Office highlighted the completion of Nafusa company’s preliminary engineering works and designs for the development of plot No. 47 in the northern Hamada region, and the completion of surveys to determine the paths of crude and gas transport lines from the field site and to the points of connection to the lines of the Mellitah Company.
Surveys and studies completed
Survey works for the proposed asphalt road linking Zintan airport and the camp with plot No. 47 has been completed. A study of the possibility of receiving and assimilating the production of plot M. N. 118 of the Mellitah Company has also been completed. This includes a study of the impact of pumping production of Nafusa Company on the equipment of the Mellitah Company. Finally, with regard to natural gas, the economic feasibility of gas and condensate company was also concluded.
