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As part of its plan to increase its storage capacity of crude oil, Akakus Oil Operations Company announced the return to operations of its 300,000 barrels capacity Zawia storage tank in hangar D-907.
Akakus said this heralds the return of the storage capacity of the hangar to its design capacity, after maintenance. This included the replacement of floor plates, renovation and development of the cathodic protection system and conducting technical and calibration tests according to international technical specifications approved by the National Oil Corporation (NOC).
Reactivation of closed oilwells
Speaking exclusively to Libya Herald, Essam Al-Bishti, Chairman of the Management Committee of Akakus Oil Operations (AOO), confirmed that as part of 2022 plan applied by the Planning and Development Department, some wells were targeted to conduct intensive maintenance.
This was to recover closed wells and return them to production, including the targeting of well B-18 in concession 115 in the Sharara field, which was suffering from complete damage to its layers, which led it to being out of production since 1996.
Increase AOO’s proven oil reserves
Al-Bishti praised the success of Libyan cadres of engineers and technicians, in cooperation with the consortium of APTCO and BITEX, in restoring several oil wells and returning them to production in the company’s oil fields which increase the company’s proven oil reserves.
Part of NOC plan to increase oil production to 2 million bpd by 2025
He said Akakus’s increased production efforts come within its implementation of the NOC’s strategy to increase production to 2 million bpd by 2025. In this effort, he praised ‘‘the great engineering and technical capabilities and the long experience that Akakus possesses within its sites’’. This was especially so within the Sharara field, Libya’s largest oil field, with a production capacity of 300,000. bpd, and total proven reserves of 3 billion barrels.
Al-Bishti concluded by expressing his full confidence in Libyan oil companies with a direct contribution from foreign partners in raising the oil production capacity in most of the Libyan fields, given the state of stability enjoyed by the oil sites in the whole country, in addition to disbursing the necessary budget for the NOC to develop the sector.
After 9-year hiatus, AGOCO reactivates 11 oil wells to produce up to 3,900 bpd (libyaherald.com)
Waha Oil Company restarts 51 wells with potential 14,650 bpd increased production (libyaherald.com)
Waha Oil’s Al-Dahra field restarted – to produce up to 10,000 bpd by year-end (libyaherald.com)
