NOC, Zallaf and De Golyer-McNoughton discuss development plans for discovered and undeveloped fields
By Sami Zaptia.
London, 10 September 2019:
Libya’s National Oil Corporation (NOC), its subsidiary Zallaf and De Golyer and MacNaughton (D&M), a leading U.S. independent oil consulting firm, discussed development plans for discovered and undeveloped fields during a meeting in Tunis yesterday.
The NOC reported that the three entities will work together in order to prepare technical studies and outline plans to develop discovered and undeveloped fields.
It said that all parties expressed their desire to enhance their relations by initiating reservoir and field development studies, assessing reserves and preparing development plans for discovered and undeveloped fields.
The NOC said that it seeks to put these plans on the production line as soon as possible in order to increase oil and gas production rates and ensure continuous supplies to electricity generation plants.
The meeting also touched upon an extensive study of oil and gas resources and the application of the latest recovery techniques in the Sirte, Ghadames and Murzuq basins.