09-08-2025
Sirte Oil boosts output to 110,000 barrels a day, targets further gains
Sirte Oil and Gas Production and Manufacturing Co. raised crude output to 110,000 barrels a day by the end of July, up 8,000 barrels from the previous average, Chairman Mustafa Hammad said. The Libyan state-run producer aims to lift production to 126,000 barrels a day by December, contingent on budget approvals for drilling, maintenance and development projects.
Speaking at the company's annual technical meeting on production and reserves development, Hammad said Sirte has added new fields to output, drilled horizontal wells with modern technology and advanced support projects, including supplying operating wells with electric submersible pumps and securing additional power sources to improve efficiency.
The company has re-evaluated reserves at several fields and expanded technical studies with local and international partners. It has also begun installing systems to measure gas emissions from fixed sources at operational sites, part of efforts to meet environmental standards. Economy Tagged: Sirte Oil & Gas Company
