SLB (Schlumberger) affirmed that Libya is a vital strategic partner for the company and that it has no intention of scaling back its operations in Libya.
Moreover, the company aims to increase investment in its assets and operational infrastructure to support the NOC’s plans for boosting production rates.
The SLB statement was made by Steve Gassan, SLB Chief Operating Officer (Geo-Units), according to the National Oil Corporation (NOC) Chairman, Masoud Suleiman.
The statement came out of a virtual conference held today between Suleiman and a high-level delegation from SLB, including Steve Gassan; Jesus Lamas, President of the Middle East and North Africa region; Hassan Al-Haidari, General Manager of SLB Libya; and Manshawi Abdelkafi, SLB Strategic Projects Manager Libya.
During the meeting, Suleiman congratulated SLB on its global centennial and the 70th anniversary of its operations in Libya, commending the company's history and its enduring contributions to supporting Libya’s oil and gas sector.
The parties discussed prospects for strengthening the strategic partnership between the NOC and SLB, as well as expanding cooperation and investment in Libya. These efforts aim to support the NOC’s plans to increase production rates, develop the sector, and leverage cutting-edge technologies, digital solutions, and global expertise.
NOC’s commitment to paying outstanding debts
Suleiman reaffirmed the NOC’s commitment to fulfilling its obligations toward its partners, explaining that delays in settling certain outstanding payments were primarily due to the circumstances Libya has experienced, and assuring that all obligations would ultimately be met.
SLB a strategic partner for the NOC
Suleiman also emphasized the NOC’s strong support for SLB’s continued presence and expanded operations in Libya as a key strategic partner. He noted that the Libyan market presents significant opportunities in the coming years, and that developing the sector and achieving production targets will require substantial investment, advanced technologies, and robust international partnerships.
NOC requests SLB clarify its long-term Libya strategy
Furthermore, Suleiman pointed out that several competitors are currently working to strengthen their presence and investments in Libya. This reflects the market's rapid evolution and underscores the importance of early preparation to capitalize on future opportunities.
Suleiman asked SLB’s management to clarify their long-term strategy for Libya, as well as their plans to continue investing, expand operations, and enhance operational capabilities. He also emphasized the NOC’s desire for SLB to remain a key partner in the development of Libya’s oil and gas sector.
For his part, Gassan also highlighted SLB CEO’s eagerness to visit Libya at the earliest opportunity, reiterating the company’s commitment to maintaining its presence in the Libyan market and strengthening its strategic partnership with the NOC.
