Oil and gas group, Total, and the National Oil Corporation (NOC) of Libya met to discuss the increasing production rates in Libya and increasing the investments of the French giants in the country.
The NOC confirmed the virtual meeting held yesterday, 18th November 2020, where several issues including the challenges the Corporation faces, the budget needed to run the oil sector, complete maintenance works in all the sites in the country and a lot more were discussed. It also confirmed that the oil production rates in Libya were already at 1.25 million barrels per day.
The NOC said Total praised the Corporation on its resumption and commendable efforts in raising the production level to reach previous rates despite the numerous challenges the country is facing, including the scarcity of budgets. According to NOC, Total said it is ready to provide support and extend bridges of cooperation with the Corporation.
The Chairman of the NOC, Mustafa Sanalla said, “The National Oil Corporation and its companies, even during the period of closures to this moment, have not and will not stop working hard, and I appreciate the great efforts made by the production, maintenance and project departments, and the efforts of all employees in oil fields and sites throughout Libya”.
“All these steps have borne fruit through coordination with the concerned departments of all companies, and the implementation and good and accurate completion of all maintenance work carried out for surface equipment and crude oil transmission lines, in exceptional and very difficult circumstances, which is what clearly explains the rapid return to previous production rates, which reached 1.25 million barrels per day, which are roughly the same rates achieved by the corporation and its companies before the shutdown.”
The NOC looks forward to continuing a constructive partnership with Total for what this giant company possesses of expertise and technologies that will contribute significantly in developing the oil and energy sector in Libya.’’
