Tag Archives | National Oil Corporation (NOC)

Drilling Increases Istiklal Oil Production

Sirte Oil Company (SOC) has completed successful development drilling of well FF03-6 of the Gargaf gas formation within the Istiklal oilfield. Development drilling across the Libyan oil sector is actively promoted by National Oil Corporation (NOC) within its framework of ongoing efforts to increase and maintain production and ensure regular gas supply to coastal region […]

Security Vacuum and Lawlessness threaten NOC Ops

By John Lee. The National Oil Corporation (NOC) has said it is increasingly concerned about the state of lawlessness in Libya stemming from the ongoing conflict, and its impact on oil sector operations. A security inspection this week of the headquarters of the North African Geophysical Exploration Company (NAGECO), which has remained closed since its […]

Rising Oil Prices bolster April Revenues

The National Oil Corporation (NOC) has reported a 22-percent increase in income for April. The company said it received “1.87 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 340 million USD (+22%)“. Revenue figures were bolstered by […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: 3 production separators at GOSP 3,7, &8 at Nafoora field project No-M-14, Arabian Gulf Oil Company (AGOCO) Refurbishment of Laboratory Building (Nafoora Oil Field), Arabian Gulf Oil Company (AGOCO) Refurbishment of Laboratory Building (Messla Oil Field), Arabian Gulf Oil Company (AGOCO) Inspection and […]

New NOC Houston Office for $60bn Procurement Drive

By John Lee. The National Oil Corporation (NOC) has inaugurated its first international headquarters in Houston, an office mandated to lead a 60 billion USD procurement drive to upgrade Libya’s oil and gas sector and increase production capacity to 2.1 million barrels per day by 2023. NOC chairman Mustafa Sanalla, addressing an audience of top […]

NOC talks with Caterpillar, DeGolyer & MacNaughton

By John Lee. National Oil Corporation (NOC) chairman Mustafa Sanalla has held a series of meetings in the US city of Houston as part of NOC’s 60-billion USD procurement drive. The NOC chairman is meeting with US counterparts to discuss the technology and expertise needed to achieve the corporation’s stated production target of 2.1 million […]

NOC, Halliburton discuss Resumption of Libyan Activities

By John Lee. National Oil Corporation (NOC) chairman Mustafa Sanalla and Halliburton president, CEO, and chairman of the Board, Jeff Miller, met in Houston on 8 May 2019, to discuss closer cooperation and Halliburton’s scheduled resumption of in-country onshore and offshore activity. Chairman Sanalla and an NOC delegation toured Halliburton’s Research and Development Centre and […]

Schlumberger agree Timetable for New Projects with NOC

By John Lee. NOC and Schlumberger agree timetable on new projects in Murzuq and Sirte National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla met Schlumberger chairman and CEO, Mr Olivier Le Peuch, on May 9,2019, to discuss Libyan onshore and offshore field development. The two parties also agreed to sign a memorandum of understanding in […]