Sirte Oil hits 100,000 bpd
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
Sirte Oil Co. employees celebrate reaching 100,000 bpd on December 17, 2020
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Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
National Oil Corp. (NOC) chairman Mustafa Sanalla expressed his gratitude to SOC. The improvement came “despite the reduction of the Central Bank of Libya (CBL) to the budgets needed by the NOC to run the sector, the low level of services, the scarcity of financial resources, and the suspension of training programmes”, he said.
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Sirte Oil Company achieves a historical increase in crude oil production
édité le 18/12/2020 - Plus de news de National Oil Corporation - Voir la fiche entreprise de National Oil Corporation
Sirte Oil and Gas Production and Processing Company today, December 17, 2020, achieved new and unprecedented crude oil production which exceeded 100,000 barrels per day comparing with an average rate of 55,000 BOPD , an increase that exceeded its production by nearly double before the oil blockade at the beginning of this year.
This unprecedented increase, which was reached in a record time, was achieved after the implementation of the approved exceptional budget programs, this program includes the work over of a 24 oil wells, the conversion of the artificial lift methods from gas lift to the installation of electric submersible pumps, and the implementation of the development program for the El-Harach layer in South Zelten by drilling nine development wells in addition to execute rig le