Libya’s National Oil Corporation (NOC) announced yesterday that in the first of its kind for Libya, a ‘‘turnkey contract’’ to drill three wells has been signed between the NOC’s National Well Drilling Company (NWD) and US-based Schlumberger.
The NOC said this entails Schlumberger providing the NWD with the necessary support for drilling the three wells for the benefit of Spain’s Repsol Exploration Murzuq S.A. (REMSA).
Explaining the aim of this contract, the NOC explained that the purpose of the three wells is to increase oil production and enhance collaboration between national and international companies.
The two well concessions (NC 115 and NC 186) are in the Murzuq Basin.