Libya’s Waha Oil Company this week announced UK services firm Petrofac had completed Feed for its ‘Gialo III’ project in the Sirte Basin, which aims to revitalize the nominally 130,000 b/d capacity Gialo field.
Waha – grouping NOC (59.18%) with Total (16.33%), ConocoPhillips (16.33%) and Hess (8.16%) – says the plan is to install new surface facilities which would channel output to a new Gialo III production unit. Three existing production units would also be upgraded to “completely eliminate gas flaring and optimize output.” (CONTINUED - 147 WORDS)