New wells inject life into Libya’s economy

Libya’s National Oil Corporation (NOC) has announced the successful completion of two new wells at its Sharara oil field, adding 7,000 barrels per day to the nation’s production.

Drilled by Akakus Oil Operations, the wells, designated A41H and A44, have each demonstrated a production capacity of 3,500 barrels per day, according to an NOC statement. Initial evaluations suggest promising reservoir characteristics, indicating the potential for sustained output levels.

The NOC anticipates integrating the new wells into the production line soon, further bolstering Libya’s efforts to increase oil exports and drive economic recovery.

Sharara, one of Libya’s largest oil fields, has been a crucial source of the country’s oil production. This latest development highlights the NOC’s commitment to expanding output despite the ongoing challenges faced in the region.