Mellitah Oil and Gas Company announced the resumption of drilling at the El-Feel oil field in Libya, marking the completion of its fifth well. Initial tests indicate a production capacity of around 3,820 barrels of oil per day, according to a statement from the National Oil Corporation (NOC).
The NOC’s statement also highlighted the efforts of the management committee and Mellitah employees in achieving this milestone. The El-Feel field, situated in the southwestern Murzuq Basin, was known to contain over 1.2 billion barrels of reserves as of 2007 and has a production capability of 125,000 barrels per day.
Farhat Bengdara, Chairman of NOC, recently outlined projections for Libya’s oil production, anticipating it to exceed 1.5 million barrels per day by the end of 2025, with aims to reach 2 million barrels within the next three years. The achievement of these targets, Bengdara noted, is contingent on consistent funding for ongoing projects.
These developments were discussed at the 10th regular meeting of the Supreme Council for Energy and Water Affairs, led by Prime Minister Abdel-Hamid Dbaiba. The meeting focused on the oil and gas sector, with Dbaiba emphasizing the significance of adhering to the production increase plan and maintaining transparency in project expenditures.
Furthermore, a recent report from the Organization of the Petroleum Exporting Countries (OPEC) indicates that Libya has experienced the most substantial growth in oil production among African countries, surpassing Nigeria as the continent’s leading oil producer. According to OPEC’s February data, Libya’s oil output reached 1.167 million barrels per day, up from 1.023 million barrels in January, reflecting a monthly increase of 144,000 barrels and underscoring the country’s resurgence in the global energy market.
