Libya’s National Oil Corporation says it is getting ready for the country’s first deepwater exploration well in the Sirte Basin, though the real test will come once the operation starts. The effort signals a shift toward offshore activity that has long been talked about but not carried out.
The NOC’s Exploration and Drilling teams met in Tripoli with the Eni–BP partnership, the Libyan Investment Authority, and key service companies. They discussed whether the planning, technical setup, and operating procedures are on track for drilling that is expected to begin in January.
The well is planned for offshore Block 38/3 in about 1,900 meters of water and roughly 170 kilometers from shore. This location has been largely untouched, even though studies have suggested that deeper offshore areas may hold significant oil and gas.
Participants reviewed different operating plans, safety requirements, and logistical needs to try to make sure the well can be drilled responsibly and with strong technical standards. Service companies also explained what they can provide to support the work.
Some in the sector believe the deepwater effort could help Libya look beyond older onshore fields. If the well performs well, it may encourage additional companies to consider investments in offshore exploration, although results will determine how far that interest goes.
source: libyareview.com
African Energy Council