Libya: Oil production reaches 1.3 million barrels per day
On October 14, Prime Minister Abdul Hamid Dbeibah announced a significant milestone for Libya’s oil sector, reporting that oil and condensate production had reached an impressive 1,305,059 barrels per day (bpd). This achievement is a testament to the resilience and hard work of national workers across various oil fields, as well as the strategic leadership of the National Oil Corporation (NOC) and its partner companies.
In a statement highlighting this accomplishment, Dbeibah expressed gratitude for the efforts of those involved in the oil industry, noting that their commitment and expertise were crucial in restoring production levels that had been affected by previous disruptions. The Prime Minister emphasized that the swift recovery in production reflects the government’s focus on revitalizing the country’s critical oil sector, which plays a vital role in Libya’s economy.
The NOC’s latest data, released last Saturday, corroborated the Prime Minister’s announcement, showing that crude oil and condensate production had reached 1,278,884 bpd, while natural gas production stood at 205,655 barrels. This data marks a significant turnaround for the sector, which had faced numerous challenges in recent months. Earlier in October, following the resumption of oil operations, the NOC successfully drilled and restarted five new wells, contributing an estimated 12,000 bpd since the beginning of the month.
As part of its ongoing strategic plan to enhance production capabilities, the NOC’s Mellitah Company made notable progress by successfully restarting well “A-28” in the Abu Attifel oil field. The well’s test results demonstrated a production capacity of 1,820 bpd, marking a significant step towards increasing Libya’s overall output. This success not only contributes to the national economy but also reinforces Libya’s position as a key player in the global oil market.
Overall, the developments in Libya’s oil production are seen as a positive sign for the country’s economic recovery and stability. The government’s commitment to revitalizing the oil sector, along with the dedication of the workers and management of the NOC, sets a hopeful tone for the future of Libya’s energy industry.
