Tripoli based Libyan Prime Minister Abdel Hamid Aldabaiba offered his support to the National Oil Corporation (NOC) to increase its oil and gas production by supporting development projects. This included a holding a public tender round for 22 exploration plots.
Aldabaiba’s support was expressed at yesterday’s eleventh regular meeting of the Supreme Council for Energy and Water Affairs which he chairs. The meeting was held at the NOC’s Tripoli headquarters in the presence of member of the Council and Chairman of the Administrative Control Authority, Abdullah Gaderboh, and other members of the Council, to discuss several files related to the oil, gas, electricity and water sectors.
Oil exploration public tender round
During the meeting, the executive procedures for starting the public tender round, which aims to offer the new exploratory plots, were discussed. Council member and NOC Chairman, Farhat Bengdara, gave a presentation on the public tender round to offer several plots for exploration in onshore and offshore areas. This round will come after the adoption of the procedures’ manual and the preparation of the new model agreement, after making the necessary technical amendments.
22 new exploration plots to be offered
The technical committee presented a PowerPoint presentation showing the areas and discoveries that will be presented in the 2024 advertising round, which amounted to 22 new plots, the technical procedures according to the approved implementation schedule, and the modern method of tendering by entering the virtual data room.
Increased oil production on schedule
The NOC technical departments also reviewed to the Energy and Water Council the progress of the plan to increase production, stressing their commitment to the approved schedule, noting that production yesterday had reached 1.422 million barrels of oil and condensate.
Ras Lanuf operation and modernisation
They also discussed the settlement of the status of the Ras Lanuf refinery after completing the procedures for the exit of the foreign partner and the approval of the NOC to purchase the former foreign partner’s share.
The Energy and Water Council recommended the need to operate and modernise the Ras Lanuf refinery to contribute to the provision of oil derivatives needed by the local market.
At the end of the meeting, Aldabaiba stressed the support of his government for the NOC’s plan to increase oil and gas production.
