The Polish Oil and Gas Company is set to resume exploration activities in Libya’s Ghadames Basin, in the specific areas of 113/1.2, beginning in April. The announcement came after a meeting at the National Oil Corporation (NOC) headquarters in Tripoli, featuring Szymon Drzewakowski, the General Manager of the Polish company.
The meeting underscored a collaborative effort to encourage international firms to restart exploration operations in Libya, highlighting the improved security conditions in the oil regions. The NOC has pledged comprehensive logistical support to assist the Polish firm in meeting its exploration commitments, which include drilling and seismic surveys.
Participants in the discussion included NOC’s Director of Exploration Abdulmoneim Battiakh, Ibrahim El-Sharif, Deputy General Manager of the Polish company, and Regional Director Klaunski, who attended via video from Warsaw.
Before the imposition of force majeure in 2014, the company had reported two gas discoveries in the area.
Recent reports from Libya’s National Oil Corporation show that the country’s crude oil production has reached 1.22 million barrels per day, with condensate production at 53 thousand barrels per day.
A Reuters survey indicated that the Organisation of the Petroleum Exporting Countries (OPEC) saw an increase in oil production in February, partly due to Libya’s enhanced output. OPEC’s production stood at 26.42 million barrels per day, with Libya’s contribution rising by 150,000 barrels per day from the previous month, significantly supported by the reopening of the Sharara oilfield, one of Libya’s largest.
Libya’s oil sector has been central to the country’s economic and political landscape since 2011, with the nation’s vast oil resources often at the heart of internal conflicts and political negotiations.
