Libya’s state National Oil Corporation (NOC) discussed with Swiss SGS oil services company ways to complete existing projects and enhance cooperation.
The discussions took part between NOC Chairman Mustafa Sanalla and the company’s management at the NOC’s Tripoli headquarters on Thursday.
The NOC reported that during the meeting, the two sides discussed ways to enhance cooperation, and the mechanism for completing existing projects, in light of the NOC’s constant endeavour to increase production rates in order to support the national economy.
SGS is working in cooperation with the Arabian Gulf Oil Company (AGOCO) in the field of developing the discovered fields, and it has completed and equipped the Sinawon Nc-100 field with a production capacity of 10,000 barrels per day which went into production in October 2020.
SGS has also been working on AGOCO’s new field, NC-4, which has also been completed. It has a production capacity of 15,000 barrels per day, and production from it will start in the near future, the NOC said.
The Swiss oil services company has carried out several works with the Nafusah Oil Operations Company, the most important of which is conducting a production test in the North Hamada field on well A4/47.
Nafusah Oil Operation B.V was established in March 2013 as Joint Operating Company between the NOC and Indonesia’s PT Medco Energi Internasional to act as the operator for development and production phases of the Contract Area 47 according to the EPSA agreement.
The NOC said the results were impressive and amounted to approximately 2,000 barrels per day of crude oil at the 28/64 choke,
SGS also entered into discussions with Nafusa about the possibility of providing it with early production facilities for the field with a production capacity of 25,000 barrels per day.
