The chairman of Libya’s National Oil Corporation (NOC), Farhat Bengdara, called upon executives of the Waha Oil Company to complete projects aimed at boosting oil output and maintaining current production levels.
Speaking at the Waha Oil Company’s general assembly meeting held at NOC’s headquarters in Tripoli on Wednesday, Bengdara emphasized the NOC’s reliance on the firm to execute its strategic plan to raise national production volumes.
He stated that the NOC is highly dependent on Waha, given the substantial oil and gas reserves it holds, to carry out the corporation’s production expansion strategy. Bengdara also stressed the importance of enforcing safety regulations and ensuring a safe working environment at all sites.
The NOC chairman commended Waha’ management committee and employees for their efforts to sustain and increase outputs. However, he urged company officials to hasten the completion of major projects that will help maintain and grow production.
According to the NOC, Oasis achieved 97% of its targeted 2023 daily output of 290,000 barrels. The firm also drilled 28 new wells last year.