Latest news with #SirteOilandGasProductionCompany
Libya Review
07-07-2025
- Business
- Libya Review
Libya's Sirte Oil Company Discusses Cooperation with Schlumberger
Libya's Sirte Oil and Gas Production Company held a technical meeting on Monday with a delegation from SLB (formerly Schlumberger) to explore ways to increase oil production capacity and improve operational efficiency. During the meeting, the SLB delegation presented a range of advanced technologies used in oil fields, particularly in areas undergoing development and exploration. Discussions covered integrated initiatives in artificial lift services, specialized software, and technical testing, all aimed at supporting Sirte Oil's strategy to enhance production levels and maximize operational performance. Key attendees from Sirte Oil included Mustafa Hemad, Chairman of the Board, Abdelrahim Saleh, Board Member for Operations, Abdelnasser Al-Mahshesh, Director of Drilling and Petroleum Engineering, Mohamed Hussein, Director of the Chairman's Office, along with several technical supervisors and experts. The SLB delegation featured Qais Bonkhaila, Manager of the Benghazi Office, Marwa Al-Faki, Sales and Marketing Manager for North Africa, Alaa Fouad, Manager of Artificial Lift and Completion Services for North Africa, Noureddine Meziani, Manager of Coiled Tubing, Testing, and Stimulation Services in Libya, Lucio, Surface Processing Manager for the Middle East and North Africa, and Adel Matti, Manager of Cementing, Directional Drilling, and Drilling Fluids Services. This meeting is part of Sirte Oil's ongoing efforts to strengthen technical partnerships with global oilfield service providers to accelerate development projects and achieve the company's strategic goals in production, efficiency, and sustainability. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges. Tags: gaslibyaoilSchlumbergerSirte
Libya Review
04-06-2025
- Business
- Libya Review
Schlumberger & Sirte Oil Plan New Drilling Projects in Libya
Sirte Oil and Gas Production Company Chairman Mostafa Hemmad held a high-level meeting with a delegation from Schlumberger to explore avenues of technical cooperation, tackle logistical and operational challenges from the previous year, and refine plans for the development of oil wells in 2025. According to a statement by Sirte Oil Company, the talks took place at the company's headquarters and covered several key technical topics, including the strategic drilling programme, well maintenance and reactivation efforts, and upgrades to surface equipment — particularly in Zelten Field and neighbouring assets. The discussions focused on a number of well interventions, including those slated for hydraulic fracturing and transitioning from gas lift systems to electric submersible pumps. The two sides also evaluated re-entry operations and horizontal drilling plans in Methkandoush Field, where the J5-H well recently yielded promising results. Hemmad emphasised the importance of completing the smart gas lift system and upgrading produced water separation facilities, noting their role in improving operational efficiency and increasing production. He praised Schlumberger's role in delivering technical solutions that helped restore several wells to production in 2024, contributing to higher crude output. The meeting also highlighted the continued collaboration between the two companies in the field of oil services, with both sides reaffirming their commitment to supporting Libya's energy infrastructure. Schlumberger's Benghazi office manager, Qais Bounkhila, expressed his appreciation for Hemmad's leadership and his active support for drilling and well servicing operations across Sirte's concessions. The company noted that Schlumberger's visit reflects the relative stability now enjoyed by Sirte's operational areas, including ports and fields, secured under the protection of the Libyan National Army (LNA). Attendees from Sirte included board member for operations Abdelrahim Saleh Meftah, drilling and petroleum engineering director Abdunnasir Al-Fadhil Al-Mahshahesh, and the chairman's office director Mohamed Hussein Masoud. Schlumberger was represented by strategic projects director Manshawi Abdelkafi and integrated project commercial transactions manager Anis Al-Juhani. Tags: libyaLibyan OilSchlumbergerSirte Oil Company
