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Libya’s oil, gas and condensate production continues to rise: NOC

bySami Zaptia
December 17, 2024
Reading Time: 2 mins read
A A
NOC announces force majeure at Zawia port

(Logo: NOC).

Libya’s state National Oil Corporation (NOC) reported today that daily crude oil and condensate production continues to increase.

The NOC reported that production meters during the past 24 hours recorded a total of more than 1,426,570 barrels of crude oil and condensate and 208,345 barrels of natural gas, bringing the total production to 1,634,915.

Target to reach 2 mbpd by 2027
The NOC has also previously stated that these production increases come as part of implementing its strategy to increase production rates to 2 million barrels per day by 2027.

The NOC had added that this target could be reached subject to continuing to receive the necessary budget for operation throughout this period without obstacles or any delay that is beyond its control.

The NOC has received huge budgets
It will be recalled that the NOC has received huge exceptional annual budgets to increase production – with the support of the government, the Central Bank of Libya and the Audit Bureau.

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It will be recalled that on 4 December the NOC had reported that Libya’s crude oil and condensate production had exceeded its 2024 target by 22,000 barrels in the past 24 hours.

The NOC had said it had set 1.4 million barrels per day of crude oil and condensate as its target for 2024.

 

Libya’s recent oil production increases

Date announced by NOCMillion barrels per day (bpd) of oil and condensatesGas (barrels equivalent)Grand total mbpd
22/01/251,482,275201,1551,683,430
15/01/251,465589208,0001,673,589
12/01/251,456,999208,8971,665,896
17/12/241,426,570208,3451,634,915
05/12/241,422,142207,6551,629,797
03/12/241,403,680196,7591,600,439
30/11/241.391,407194,914
29/11/241,386,030203,017
27/11/241,380,470198,190
26/11/241,372,903199,776
14/11/241,374,118202,983
05/11/241,364,438208,000

 

Source: NOC

 

NOC declares force majeure at Zawia Refinery after militia clashes set fire to fuel storage tanks

NOC discusses with Sonatrach its readiness to resume exploration and drilling operations

Libya’s crude oil and condensate production exceeds 2024 target by 22,000 barrels: NOC

Libya’s total oil production increases by another 5,377 bpd: NOC

Waha Oil surpasses its highest production rate since 2010: NOC

NOC reports another oil and gas production high

NOC reports further oil and gas production increases

Libya’s oil and gas production indicators continue to rise‎

Libya’s oil production reaches a new record level of 1.374 million bpd: NOC

NOC’s increased production announcements – approaching 1.5 million barrels per day

Tags: NOC National Oil Corporation

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