The National Oil Corporation (NOC) announced that Akakus Oil Operations has surpassed its daily crude oil production target of 320,000 barrels. Actual output has reached approximately 796,325 barrels per day, according to the NOC.
The corporation credited the increase to technical upgrades and projects focused on enhancing efficiency and maintaining production levels, despite facing limited resources and delays in budget disbursements.
Key work involved connecting ten new wells and initiating a strategic project to redirect surplus output from the I&R block to the main separation facility at the NC-186 block. This has improved operational capacity while ensuring compliance with safety standards.
The NOC commended the company’s workforce and reiterated its support for ongoing efforts to sustain and increase national production levels.
National Oil Corporation
The National Oil Corporation (NOC) is the state-owned oil company of Libya, established in 1970 to manage the country’s hydrocarbon resources. It oversees all aspects of Libya’s oil and gas industry, from exploration to export, and has been a central entity in the nation’s economy and political landscape since its founding.
Akakus Oil Operations
The Akakus Oil Operations refer to petroleum extraction activities in the Akakus Mountains (also known as the Acacus Mountains) in southwestern Libya. This region is far more renowned for its ancient cultural significance as a UNESCO World Heritage Site, containing thousands of prehistoric rock art paintings and carvings dating from 12,000 BCE to 100 CE, rather than for its modern industrial operations.
I&R block
I&R Block is a major American tax preparation company founded in 1955 by brothers Henry and Richard Bloch. It has grown from a small business to a nationwide chain, known for its seasonal offices and software that assists millions of individuals in filing their tax returns each year.
NC-186 block
The NC-186 block is a historic city block in Charlotte, North Carolina, notable for its collection of preserved Victorian-era homes, primarily from the late 19th and early 20th centuries. It represents the city’s early residential architecture and growth during the post-Civil War period, with many homes originally built for prominent local merchants and professionals. Today, the block is a designated historic district, offering a glimpse into Charlotte’s architectural heritage.
