The National Oil Corporation’s (NOC) technical committee announced it would offer 22 new onshore and offshore blocks for exploration in an upcoming public tender for international oil companies.
The meeting was devoted to discussing a number of files related to the oil, gas, electricity, and water sectors, including the executive procedures for starting the public tender round that aims to offer new exploration blocks and settle the status of the Ras Lanuf refinery after completing the procedures for the foreign partner’s exit, as well as the approval of the NOC to purchase the share and the project to establish the Great Tripoli Reservoir, which is planned to be implemented by the Man-Made River Project Implementation and Management Authority.
The NOC Chairman and member of the Supreme Council for Energy Affairs, Farhat Bengdara, gave a presentation on the public tender round to offer the 22 new blocks for exploration after approving the procedures manual and preparing the new standard agreement following the necessary technical amendments.
The NOC technical departments presented the progress of the production increase plan to the Supreme Council for Energy Affairs, reaffirming their commitment to the approved timetable and reporting production at 1.422 million barrels of oil and condensates.
At the meeting’s conclusion, Dbeibah emphasized his government’s support for the NOC’s plan to boost oil and gas production and prioritize drinking water supply projects and the implementation of water supply lines in the development plan.
