Page 16 - FSUOGM Week 25 2021

FSUOGM PROJECTS & COMPANIES FSUOGM

Head of Tatneft discusses plans

to resume work in Libya

LIBYA NAIL Maganov, the CEO of Tatneft (Russia), Tatneft’s expertise in the areas of refining, man-
met with representatives of Libya’s National Oil ufacturing and renewable energy projects. The
Nail Maganov, the CEO Corp. (NOC) last week to discuss his company’s Russian company’s experience in renewables
of Tatneft (Russia), met plans for resuming work at fields in the North could help Libya achieve its goal of using alter-
with representatives African state. native energies to power oil and gas operations,
of Libya’s National During a meeting with Mustafa Sanalla, he said.
Oil Corp. (NOC) last the chairman of NOC, Maganov indicated Tatneft is based in the Russian internal repub-
week to discuss his that Tatneft was eager to move ahead with the lic of Tatarstan and is controlled by the admin-
company’s plans for exploration of its fields in the Sirte and Ghad- istration of the republic. The firm obtained a
resuming work at fields ames basins. The Russian company is ready concession for a field in the Ghadames basin,
in the North African to join forces with NOC on these projects, he which is believed to contain more than 3.5bn
state. said, according to a report from Petroleum barrels of oil in recoverable reserves, in 2005.
Africa. It then signed production-sharing agreements
The two sides do not appear to have made (PSAs) for three more fields in the Ghadames
any concrete plans for upstream operations and Sirte basins in 2006.
yet. However, Maganov and Sanalla did discuss After carrying out some exploration work at
plans for co-operation on several fronts, includ- these fields, the company suspended its activi-
ing capacity-building and training. The Tatneft ties in 2011, pending a resolution of the Libyan
head said that his company was willing to con- civil war. It attempted to return in 2014 so that it
vene workshops at the Oil Institute for Rehabili- could collect seismic data from a 200-square km
tation and Training in Tripoli. He noted that the area in Ghadames but soon departed because
workshops would allow NOC’s engineers and of a deterioration in security conditions. Sub-
technicians to learn from Tatneft’s experience sequent attempts to resume exploration work
in multiple areas – including dual production, do not appear to have made much headway.
which involves the extraction of hydrocarbons Nevertheless, Tatneft representatives have said
from multiple formations via a single well. repeatedly that the company is committed to
The NOC chief also expressed interest in remaining active in Libya. ™

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