home Wednesday, May 22 2013  
106.32

Type

Price

Brent

104.50

Dubai

101.09
Urals
104.78
WTI
96.69

OPEC basket 16/05/2013

20/05/2013

100.85



last news
ANNOUNCEMENT OF A NEW OIL DISCOVERY National Oil Corporation (NOC), Sonatrach (SIPEX) Libya (Operator) , Oil India, and Indian Oil being partners in an Exploration and Sharing agreement in area 95/96 signed in May 2008, report initial information concerning the exploration (New Field Wildcat) well A1-96/01 drilled in contract area 95/96 in Ghadames Basin. The well is located approximately 360 km southwest of Tripoli and 70 km south of El-wafa Field.
The initial production test results from the Carboniferous Tahara Formation are as follow:
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Chairman of NOC meets with Chairman of Total On Tuesday 29/01/2013 Dr. Nuri Balrwin Chairman of NOC met with
Mr. Christophe de Margerie, Chairman and CEO of French oil and gas company Total S.A and the delegation accompanying him.
The two sides discussed ways of cooperation in oil and gas activity, especially in exploration field, whereas the company has exploration areas that it had won during public bid rounds as well as ways to develop production that carried out by Mabrouk Oil Operations which operates on behalf of NOC and Total.


Confrontation of Oil Spills Workshop In the efforts of NOC to highlight the environmental problems associated with the production operation and manufacturing of oil and gas and to take measures, procedures and solutions to prevent or minimize their occurrence, transfer of knowledge and benefit from the experiences of companies operating in the oil sector,
a workshop was held under the supervision of the National Oil Corporation and in collaboration with BP. a On 21-22/01/2013 in Corinthia hotel in Tripoli entitled (Confrontation of oil spills)


NOC meeting with British trade mission for Energy Industries Council EIC on Monday, 21.01.2013 a meeting was held between
members of trade mission for British Energy Industries Council (EIC) headed by Mr. Terry Willis and Mr. Abul Qasim Shanger member of the management committee of NOC, a number of oil companies directors , managers of departments in NOC as well as a large number of experts and specialists from the ministry , NOC and the oil companies.
In the opening speech Mr. Shanger welcomed the Council, and all the attendance, whereas stressed that business and investment opportunities in Libya are large and available to British companies, similar to other global companies, he also clarified that a large number of trainees from the oil sector are in Britain.


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Meeting for the development of Zawia oil and commercial port On Saturday 19.01.2013 a meeting was held between
Minister of Oil and Gas H.E Dr. Abdul Bari Laroussi and Minister of Communications and Transport H.E AbdulQader Mohammed Ahmed, the meeting addressed the development and expansion of Zawia commercial and oil port to increase its capacity.
The two parties agreed to intensify efforts and to have meeting between the experts periodically in order to build new Libya.
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Opening of Libya summit Oil and Gas and Sustainable Growth

Under the auspices and support of the National Oil Corporation and the organizationImage of CWC the Libya summit Oil and Gas and Sustainable Growth opened on Monday September 24 at Corinthia Hotels Tripoli. Attended this opening, Mr. Omar Abdulkarim Second Deputy Prime Minister and Mr. Abdulrahman bin Yeasa Minister of Oil and Gas, Mr. Mahmood Futaisi Minister of Industry and Mr. Ali Saleh, Undersecretary of the Ministry of Planning and Dr.. Nouri Balrwin Chairman of the National Oil Corporation and Mr. Ahmed Almekdmy member Board of Directors and a number of Manager of departments of NOC , also attended by heads of national and international oil companies operating in Libya, a number of diplomat, civil society organizations and businessmen and professionals

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Arabian Gulf Oil Company….new OIL/GAS DISCOVERY
Arabian Gulf Oil Company, a wholly owned by NOC reports that it has drilled Imagethe F1-NC4 New Field Wildcat well to a total depth of 10,300 feet. The well is located in Ghadames Basin approximately 150 km Southwest of Tripoli City.
The initial production testing from Memouniat, Lower Acacus & Middle Acacua established an oil & gas flow as follows:
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OPEC Secretary General praised the efforts of the oil workers
OPEC Secretary General, Mr. Abdulla Salem El-BadriImage met on the 14th of June 2012 with the Libyan delegation to the Ministerial Meeting of the Organization of Petroleum Exporting Countries
During the meeting, Mr El-Badri praised the efforts made by the workers of oil and gas sector in Libya for the return of production to the level before 1 7th of February’s revolution in a record time which impressed the world.

BP lefted force majeure in respect of its Libyan (EPSA) Agreement
A meeting held on Tuesday 29/5/2012 at theImage National Oil Corporation , between Dr. Nuri Berruien, Chairman of  NOC and a delegation from BP headed by Mr. Michael Daly BP’s Executive Vice President for Exploration.
Attended the meeting Mr. Abulkasem Shibani Shingeer, member of NOC Board of Directors and Fitouri Ibrahim Haj Chairman of  the  Committee of force majeureAt this meeting BP announced that it   has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012.
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A new GAS and OIL discovery
National Oil Corporation announces that the Arabian Gulf Image Oil Company, a wholly owned by NOC reports that it has drilled the D1-NC8 New filed wildcat well to a total depth of 7,020 feet. The well is located in Ghadames Basin approximately 400 km south Tripoli City.
The initial production testing from Tahara, Ouan Kasa & Memouniat formations as follows:
Read more...
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