Libya’s state National Oil Corporation (NOC) reported last Tuesday (12 August) that Algeria’s Sonatrach commercial oil discovery in the Ghadames Basin is expected to yield 4,200 barrels per day (bpd).
Three strategic wells for Sonatrach by National Oil Well Drilling Company
In the same context, the NOC announced that its National Oil Well Drilling and Maintenance Company (NWD) started moving its Rig No. 11 to the work site to carry out the drilling of three strategic wells for Sonatrach Cybex Company using IPM integrated drilling, in partnership with a group of international and local companies.
NWD
The NOC said its Chairman praised the great role played by the NWD and the work team in charge of negotiation, which resulted in strategic partnerships that enhance the position of the NWD as a reliable and effective partner in major drilling projects, especially in the integrated projects management system that keeps pace with international standards.
This achievement, the NOC reported, is the culmination of a series of recent successes by NWD in recommissioning and reintegrating the No. 13, 12 and 33 rigs into the company’s fleet, reflecting its commitment to maintaining the readiness of all rigs and enhancing their operational capability to increase performance efficiency, increase the company’s revenues and enhance its competitiveness in the local markets.
Sonatrach’s A-65/2 well – EPSA 2008
It will be recalled that Sonatrach had obtained a license to explore and share production in the public tender round (EPSA) held in 2008, resulting in the commercialization of the A-65/2 oil discovery in the Ghadames basin. This is now in preparation for the start of the development process and putting it on production as soon as possible to achieve production rates exceeding 4,000 bpd.
The NOC said these activities come within the framework of its continuous endeavour to increase Libya’s oil and gas reserves.
