Three of the biggest foreign energy companies operating in Libya have lifted force majeure and resumed exploration in the country’s oilfields, the National Oil Corporation (NOC) announced today.
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Oil prices surged on Wednesday, trading near their highest levels since April, according to Reuters.
Tatneft has drilled exploration wells in Libya and the flow rate from some of them is good, Deputy CEO of the Russian oil producer Nurislam Syubaev told Russian state-owned news agency TASS on the sidelines of the Russia-Africa summit.
Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant, according to Reuters.
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 Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has stopped two leaks in the flow line linking the block station and the main pumping station in the Al-Bayda oil field, and another leak in the main line linking the Masala-Al-Sarir fields.
The production of crude oil in Libya in June 2023 was 35.486 million barrels, while that of petroleum products was 515 thousand tons, announced Libya’s National Oil Corporation (NOC) in a press release.
The Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, announced that the Canadian firm has resumed work in the Nafoura oil field.
Production at Libya’s Sharara and El Feel oilfields has resumed, days after being shut due to protests.
Seventy deputies of the Libyan House of Representatives announced that the statements of US special envoy and ambassador Richard Norland are based on false data.