Mustafa Hammad, Chairman of Sirte Oil Company said, “The year 2024-2025 was a year of transformation and achievement, with crude oil production increasing from 102,000 to 110,000 barrels per day by the end of July 2025, the highest rate the company has reached in more than twenty years.”
Hammad was speaking at Sirte Oil and Gas Company’s annual technical meeting for production and reserve development for 2025 at its headquarters in Marsa el Brega. The meeting aimed to monitor and evaluate technical performance and review the most prominent projects and programmes completed during the past period.
Hammad pointed to upcoming strategic goals, saying: “Today, we look forward with confidence to implementing an ambitious plan targeting 126,000 barrels per day by the end of December 2025, God willing, provided the necessary budgets are approved to complete drilling, maintenance, and development projects.”
In his speech, he addressed several technical and environmental topics, emphasizing that this year witnessed the implementation of development plans covering several reservoirs and fields, in addition to the launch and connection of new fields to production, and the successful drilling of horizontal wells using modern technologies. He also noted significant progress in supporting projects, including the implementation of strategic projects to feed operating wells with submersible electric pumps, while securing the necessary energy sources to enhance operational efficiency and stability.
Regarding technical studies and reserves, he added: “Significant reserves were re-estimated in a number of fields, and the company expanded its implementation of technical studies in cooperation with local and international partners, reflecting the development of our technical and research capabilities.”
Regarding environmental safety efforts, he explained: “The company has begun installing advanced systems to measure gas emissions from fixed sources at its operational sites, a practical step that confirms our deep commitment to environmental compliance in accordance with approved local and international standards.”
In conclusion, he emphasised the pivotal national role played by the company, saying: “All these projects add to a series of ongoing successes, thanks to integrated planning, unlimited support from the National Oil Corporation, and a firm belief in the capabilities of the national workforce, which has always proven its competence and ability to face challenges.”
The Sirte Oil reported that the NOC delegation present commended the unprecedented achievements of the Sirte Oil Company in all fields and at various levels, and the continuous successes achieved thanks to the efforts of its employees and their keenness to advance the company and achieve its goals.
