Sirte Company successful drills new oil wells in Murzoq and Zelten
1 Aug 2023 – Drilling operations conducted by the Sirte Company have successfully opened two new oil production facilities in Libya.
Encouraging results were achieved after completing drilling operations on the exploration well J3-NC101 in the Murzuq Basin at a depth of 7,833 feet and the development well C347-6 in the Zelten field at a depth of 5,794 feet.
The exploration well yielded a flow rate of 560 barrels of oil per day, which is expected to increase once the low-rate pump is replaced. The development well achieved a natural flow of 1,100 barrels of oil per day.
This important progress aligns with the National Oil Corporation’s plan to increase national crude oil production as a key pillar of its long-term energy strategy for Libya.
In response to this development, the NOC Chairman and Board of Directors extend their thanks and appreciation to the employees of the Sirte Company. Their efforts in raising production rates will contribute towards Libya’s economic development.