Tripoli: National Oil Corporation (NOC) held its 2026 Technical and Financial Meeting for Akakus Oil Operations and discussed operational and financial performance results and proposed strategic plans for the coming period. According to Libyan News Agency, the meeting addressed the operational performance of the Sharara oil field, which achieved production levels peaking at approximately 335,000 barrels per day in August 2026. Plans are aimed at increasing total production to around 355,000 barrels per day by mid-2027. Participants commended the company's teams for their rapid response and the efficiency of the measures taken to control the fire on the main 30-inch export pipeline last March, ensuring operational safety and continued exports. At the conclusion of the meeting, both parties agreed on a set of strategic priorities for the coming year. These include organizing two workshops bringing together the Corporation, its partners, and the operator to discuss development plans for the (S) field and deve lopment drilling programs for 2027. Other priorities include enhancing production sustainability, maintaining operational performance levels, expediting the implementation of urgent safety projects and fire suppression systems, proceeding with the development roadmap for the Sharara, upgrading its surface equipment, and completing approved maintenance work within allocated budgets. The meeting was attended by the corporation's directors of technical and financial departments, advisors, and specialists, along with the Chairman and members of the Management Committee and directors of technical departments from Akakus Oil Operations. Representatives from the foreign partners, including Repsol (Spain), Total (France), OMV (Austria), and Equinor (Norway), were also present.
Menu
Menu