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Oil firm discusses boosting Sharara output
The article focused on the meeting between the Libyan National Oil Corporation and Akakus Company to discuss increasing the Sharara oil field's production from the current 335,000 barrels per day to 355,000 barrels by mid-2027. The meeting addressed strategies to enhance production sustainability, improve operational performance, and implement safety and fire prevention projects, in addition to updating and maintaining field equipment. Development plans for the field and drilling programs for 2027 were also approved, with an emphasis on achieving production targets and increasing efficiency, all within an operational budget of 13 billion Libyan dinars. Libya is expected to reach a production level of 1.5 million barrels per day by mid-2027.
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