The Energy Circle’s Post

Libya Energy News Update: In a significant development, Libya's National Oil Corporation (NOC) has revealed that its subsidiary, Sirte Oil, has unearthed a promising well poised to yield 16.8 million cubic feet of gas daily. The breakthrough stems from successful drilling activities at exploratory well W, W, 1-6, positioned southeast of the Al-Lahib Field. With drilling operations reaching a depth of 8,666 feet and displaying a choke size of 48/64 inches, the find also indicates the potential for the well to produce 646 barrels of oil per day, boasting a specific density of 49 API. This discovery aligns seamlessly with Libya's endeavors to augment its oil and gas production rates, aiming for two million barrels of oil per day (bpd) by 2030, with a target of 2.3 million bpd by year-end. Stay updated with BSO for more developments. For more information, visit: https://lnkd.in/daenmnYg #OilfieldSupply #OilfieldServices #SmartSupplies #InnovationInOil #ElevateYourBusiness #OilandGas #EnergyIndustry #OilfieldSolutions #SmartTechnology #DigitalTransformation #SupplyChain #OilfieldInnovations #EfficiencySolutions

Algeria exploration alert! Tethys Oil AB Oil has signed a Heads of Agreement with the Algerian state oil and gas company, Sonatrach, to form a partnership to explore and develop the El Hadjira II and El Haiad II areas of eastern Algeria. The companies will now enter discussions that could conclude with the award of a production sharing contract based on the new 2019 hydrocarbon law. If negotiations are successful, this would be a country entry for Tethys Oil.    This agreement follows TotalEnergies and Sonatrach signing a Memorandum of Understanding for the appraisal and development of gas resources in the North-East Timimoun region on 8 April. We expect more announcements as companies look to partner with Algeria. 

Zallaf Libya has announced its goal to reach a production rate of 15,000 barrels per day by the end of 2024. In a recent meeting with the National Oil Corporation (NOC), the company reviewed its performance for 2024 and outlined its plans and programs for 2025. The discussions also focused on key projects aimed at boosting production and long-term oil and gas output projections for the next decade. The meeting was attended by directors from the NOC's technical departments, members of Zallaf Libya's management committee, and representatives from Al-Jowf Oil Technology Company, Libya Technology Company, the National Drilling Company, and the National Construction Company. For more details, click the link in the comments below! ⬇️ #Libya #OilAndGas #Energy #ZallafLibya #ProductionTargets

Drilling Begins for Three Infill Wells at South Pars Gas Field Petropars (PPars) recently commenced drilling three infill wells as part of the South Pars Gas field expansion, the world's largest gas field located on the Iran-Qatar border in the Persian Gulf. ☑️Field Scope: Covers 3,700 square kilometers of the total 9,700 square kilometers of the South Pars field. ☑️Production Increase: Expected to yield approximately 1 million cubic meters of gas per day. ☑️Economic Impact: Aims to boost gas production, improve recovery factor, generate employment, and strengthen domestic expertise. ☑️Global Positioning: Enhances Iran's role in the global energy landscape. https://lnkd.in/dwYqvhwH 🔗 Want to Know More about this opulent vision? Click the link! 🌐 Register for free to get exclusive updates on this project  #IranProjects #SouthPars #BNCNetwork #ProjectIntelligence

KOC discovers giant oil reserves in Al-Nokhatha offshore field Kuwait Oil Company (KOC) announced on Sunday the discovery of huge commercial quantities of light oil and associated gas in the offshore Al-Nokhatha field, located east of Kuwait’s Failaka Island. The initial estimated area of the field is approximately 96 square kilometers, marking a key breakthrough in Kuwait’s exploration of hydrocarbon resources in its marine area, according to KOC’s statement to KUNA. Preliminary estimates suggest the hydrocarbon volume at this field to be about 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of gas, equal to approximately 3.2 billion barrels of oil equivalent, it said. These initial findings indicate huge potential to further enhance and increase hydrocarbon resource quantities in various layers and reservoirs within the discovered field, KOC added. More info @ https://lnkd.in/dGM6Ygs4 #oilandgasindustry #exploration #energy #offshore

Kuwait Oil Company (KOC) has made a groundbreaking discovery of light oil and gas in the offshore Al-Nokhatha field, located east of Kuwait’s Failaka Island. Covering an estimated area of 96km², this discovery marks a major milestone in Kuwait’s marine hydrocarbon exploration efforts. KOC's preliminary reserve estimates suggest around 2.1 billion barrels of light oil and 5.1 trillion cubic feet of gas, equating to approximately 3.2 billion barrels of oil equivalent. Currently, the Al-Nokhatha well is producing 2,800 barrels of light oil and 7 million cubic feet of associated gas daily. This discovery holds significant potential for further resource enhancement. Stay tuned for more updates as KOC continues to explore the vast potential of the Al-Nokhatha field! #KuwaitOil #EnergyDiscovery #OilAndGas #KOC #AlNokhatha #EnergyConsultants #OilAndGasConsultants #PetroleumConsultants #DrillingConsultants #OilAndGasConsultingFirms #OilAndGasProjectManagementServices #OilAndGasStaffing #OilfieldStaffingAgency #Oil

OGDCL has achieved a milestone with the discovery of tight gas at Nur West # 01 well in Sujawal, Sindh. The well, drilled to 2,975 meters, tested 1.24 MMSCFD of gas from the Lower Goru Formation, marking significant commercial potential. This breakthrough supports OGDCL's strategy to expand Pakistan's energy resources, aligning with the Tight Gas Policy 2024 to boost unconventional hydrocarbon exploration. In 1QFY24, OGDCL reported robust financial performance with Rs 120.141 billion in net sales and Rs 86.174 billion in Profit before Taxation, showcasing its pivotal role in Pakistan's oil and gas sector. #OGDCL #Sindh #PakistanEnergy #SindhGasReserves #OilandGasExploration #EnergySecurity #EnergyResources

【Kuwait Makes ‘Huge' Discovery in Offshore Al-Nukhida Field】 Kuwait Oil Co. said it’s discovered “huge commercial amounts” of light oil and associated gas in an offshore field, marking a “turning point” in its efforts to explore offshore hydrocarbons. The Al-Nukhida field, east of the Gulf state’s Failaka Island, has initial estimated reserves of about 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of gas, or 3.2 billion barrels of oil equivalent, in the Manageesh strata, state-owned KOC said on Sunday. A plan will be developed to start actual production from the field as soon as possible, said the company, which is responsible for Kuwait’s energy exploration and production. Kuwait is OPEC’s fifth-biggest producer, with a current output of about 2.48 million barrels a day. It aims to boost capacity to 4 million bpd by 2035. #Kuwait #Offshore #OPEC #hydrocarbons

Algeria : Tethys Oil signed a Heads of Agreement with the Algerian national oil and gas company Sonatrach, expressing the willingness of both parties to achieve partnership for hydrocarbon exploration, development and exploitation in the areas of interest of El Hadjira II and El Haiad II. The purpose of this Heads of Agreement is to define the framework of cooperation between the parties with a view to conclude hydrocarbon contracts in identified zones of interest under the aegis of hydrocarbon Law n° 19-13 governing the hydrocarbon activities.

Egypt said through EGAS company: There is a plan to drill 20 development gas wells to deliver 1.5 BSCFD and 21 MBOCPD (CGR = 14 BBL/MMSCF) in the next fiscal year beside drilling 18 exploratory wells. There is no any information about locations of these wells (areas or fields or concessions)? Anyway, as you see here, Egypt developed only 40% from the total gas discovery since 2015 in the Mediterranean sea. There is 60% from the discovery gas without any development. I posted my plan for easy fast track option to develop 3.2 TCF gas reserve to produce 1.0 BSCFD (Avg. Gas Rate) with maximum capacity as 1.6 BSCFD. Note: There is no information here about any gas discoveries in Western/Eastern desert and onshore Nile Delta.