Sonatrach considers Libyan return following talks

News

Posted – 07th May 2021

The Algerian company hosted a delegation from Libya’s National Oil Corp. (NOC) on May 4. NOC chairman Mustafa Sanalla held talks with Sonatrach chairman Toufik Hakkar in Algiers.

Sonatrach’s SIPEX unit works in Libya’s Ghadames Basin.

NOC said Sonatrach could return to the two licences and complete its contracted obligations. The Libyan company noted improvements in security and stability.

Exploration drilling in the areas has been productive, NOC said, and development plans for production were discussed in detail.

Sonatrach subsidiaries focused on services gave presentations, on areas such as construction, drilling and development. The two sides also discussed training plans for welding and inspection.

Two men in sit chairs with flags to the right
NOC chairman Mustafa Sanalla held talks with Sonatrach chairman Toufik Hakkar in Algiers

Sanalla called for Sonatrach units to work on twinning programmes with their Libyan counterparts. The idea seems to have gone down well. The two companies agreed to form committees to reach memorandums of understanding (MoUs).

SIPEX won Area 95/96 in the 2007 bid round, with two Indian companies. They shot 2D and 3D seismic and drilled five wells successfully. The companies suspended work in May 2014 owing to insecurity.

ENERGY VOICE – Ed Reed

The Libya Consultancy does not imply any association with, nor endorsement by or of the publisher of this article

 
 

News & Updates