Continental Focus, International Reach

Libya to Develop North Hamada Oilfield

Tuesday, May 28, 2019

National Oil Corp (NOC), Libya’s state-run oil and gas firm, said in a statement that it planned to launch the development of the North Hamada oilfield in the northwest of the country on Concession 47 through one of its JVs, Nafusah Oil Operations.

Nafusah Oil Operations, a JV between NOC and Indonesia’s PT Medco, holds the right to develop Concession 47 where the field is located, it said.

“A technical team held a workshop on May 20 to discuss proposals submitted for the development of the field,” the statement said.