The National Oil Corporation (NOC) and Schlumberger, one of the world’s largest oilfield services company, agreed Sunday to sign a Memorandum of Understanding (MoU) in June to establish joint drilling and training projects in Marzuq and Sirte.
In a Sunday meeting, NOC Chairman Mostafa Sanalla, and Chairman and CEO of the French firm, Olivier Le Peuch, discussed Libyan onshore and offshore field development in addition to establishing training centres in Tripoli and Benghazi to improve Libya’s main source of the economy, the oil sector.
Libya’s oil output rose after the force majeure had been lifted from el-Sharara oil field in early March despite the unrest in the capital, Bloomberg reported in early May.
“Production rose by 90,000 barrels a day to 1.19 million a day,” according to Bloomberg.
However, OPEC and NOC expressed their concerns over the impact of the unrest in Tripoli on oil production.