News listings

energy-pedia development and production

Libya flagLibya

Middle East / Africa >>> Libya

Libya's Bahr Essalam Phase 2 project to complete by end of 2018

05 Nov 2018

Photo - see caption

Libya's National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on November 3, 2018, to discuss ongoing in-country operations, including plans for the seven remaining wells at the offshore Bahr Essalam Phase 2 project - expected to complete by the end of 2018. 
The parties discussed opportunities to increase production, investment and exploration, and the importance of sustainability in all activities. The compression capacity upgrade project at the Wafa plant was also reviewed, with the first gas expected to come on stream in the next few days; a successful joint project in challenging conditions in Libya’s remote interior.
Eni’s CEO Mr Descalzi emphasized the strong relations between the two companies, highlighting the commencement of logistics operations necessary to re-establish exploration activities, as identified in the recently announced joint NOC, Eni and BP Exploration and Production Sharing Agreement (EPSA). Discussions also focused on the development of maritime sites adjacent to existing EPSA areas and ways to enhance cooperation to increase production capacity at existing fields. Plans and operational procedures in preparation for the tender of the development of offshore sites ‘A’ and ‘E’ were also deliberated.
'Eni is one of our significant partners, which has always supported NOC. This visit and our recent joint activities are a clear sign of the company’s ambitions for its Libyan operations. This will encourage further investment in the Libyan oil sector and provide additional opportunities to upskill and capacity build Libya’s next generation of oil sector workers.
'Our disclosure and adherence to the principle of transparency is an important facet of our collaborative approach to all projects. Our collaboration with Eni and revived EPSA agreement provides a promising opportunity to revive the Libyan economy and provide a decent standard of living for the Libyan people. Together with our partners, NOC will work to all ends to increase production to its highest levels,' exclaimed Mr Sanalla. 
The meeting was also attended by NOC Board of Directors Eng. Abulgasem Shengheer and Mr Elamari M Elamari; in addition to a number of NOC general managers and managers. The Eni CEO was accompanied by the company’s Operations Executive Director, Mr Antonio Villa, Eni General Director, Mr Abdel Moneim Al-Arifi, as well as a number of consultants and experts of the company.
This meeting marks the first visit of the head of a major company to the headquarters of the National Oil Corporation following the recent terrorist attack targeting NOC’s head office.

Original article link

Source: NOC

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 365

Completed Deals

Completed Upstream Deals: 5809

Company Profiles

Current Company Profiles: 2739

Corporate Activity

Current Corporate Activity articles: 3543

Companies Looking

Current number of articles: 442

Company Sales

Current Company Sales articles:1438


Current Geostudies articles: 755

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Rose & Assocs 149
Union Jack Oil 149
KL Publishing
Government of South Australia
SLR Consulting logo
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675