The Waha Oil Company announced the successful drilling of its first horizontal well in the geological formation of the Al-Bayda oil reservoir, designated as Q123H, using advanced directional drilling technology.
According to the company, the well achieved an initial flow rate of 1,000 barrels of oil per day, marking a significant technical milestone that reflects the expertise of its teams and supports the National Oil Corporation’s (NOC) strategy to boost crude output.
This achievement is part of the NOC’s strategic plan to develop oil fields, enhance production capacity, and reinforce Libya’s standing in the regional and global energy markets.
The company emphasized that this step is expected to pave the way for wider application of horizontal drilling techniques across other reservoirs, helping ensure production sustainability and greater economic returns for the Libyan state.
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Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
