Petroleum Africa
Find us on: 
Sunday, March 31, 2019
Libya’s state-run oil and gas firm NOC, and Italian major ENI, signed two MoUs on March 25. The first MoU concerned the establishment of a steering committee to expedite gas production at structures ‘A’ and ‘E’ within maritime concession MN 41 in the Sabratha marine basin.
The steering committee will oversee the timely and transparent implementation of this project, in line with best-practice good governance, and will work to alleviate difficulties facing project implementation. This important strategic project will provide gas to meet both local consumption and export requirements. Once complete, project capacity from both structures will total 760 million cubic feet of natural gas per day.
The second MoU agrees to jointly fund capacity building programs for industrial security staff at NOC and Mellitah Oil and Gas Company, with workshops focusing on risk assessment and mitigation, crisis management, and comprehensive field inspection procedures.
During the signing ceremony, NOC chief Mustapha Sanalla commented: “ENI is one of NOC’s strategic partners and one of the world’s largest oil and gas companies, renowned for its expertise and technological capabilities that we seek to bring to Libya. Our sector is the backbone of the national economy – we should preserve it for future generations. We have to work on developing the sector in order to increase production and fuel development.”
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
" alt="Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea">
" alt="Uganda National Oil Company Appoints New Executive">
" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">
