Libya wants to sharply increase its production of barrels of oil through partnerships with multinational companies such as Halliburton
#Business #Cooperation #Economy #EntreprisesLife #Gas #Hydrocarbons #InternationalTrade #News #NOC #Oil #LIBYA
Denys Bédarride
Sunday 13 March 2022 Last update on Sunday, March 13, 2022 At 5:00 AM

Libya currently produces about 1.2 million barrels per day and aims to increase its production to more than 2 million barrels per day in the medium term. To achieve this, the authorities rely on strategic partnerships.

Multinational oil and gas services company Halliburton hopes to play a leading role in Libya. The information was announced on Monday, February 28 by the local press, following a meeting in Tripoli between the president of the public oil company NOC Mustafa sanallah and representatives of the American oil services firm.

According to details from Ahmed Helmi, North Africa Zone Director at Halliburton, the discussions focused on strengthening the partnership between the two companies against the backdrop of increased support for the Libyan oil industry.

For this, the company plans to intervene in several projects, namely the digitization of operations, the increase in oil production as well as the training of personnel involved in the oil sector.

With this in mind, a workshop, the date of which has not yet been announced, will be organized in the coming days. It will bring together all the companies in the Libyan oil sector. An opportunity for the American firm to specify the type of solutions it intends to bring to the oil sector while presenting its services and technologies.

The American company Halliburton is the second largest oil services company in the world after Schlumberger. Its field of intervention covers, among other things, prospecting drilling, the construction of production wells, the optimization of the production of oil or gas wells and fields.

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