Projects to boost Libya’s long-term output have mostly been on hold since before the 2011 revolution. But plans by the Waha Oil Company (WOC) – grouping NOC (59.18%) with US firms ConocoPhillips (16.33%), Marathon (16.33%) and Hess (8.16%) – to boost capacity from its key Sirte Basin acreage beyond the current 300,000 b/d are finally inching forward.
UK-based services firm Petrofac announced 22 October that Waha had awarded it Feed for the “Gialo III field.” The contract to “support WOC’s planned programme of development over the coming years” “will be executed over a schedule of 41 weeks,” Petrofac says. (CONTINUED - 288 WORDS)
