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AfrOil NEWS IN BRIEF AfrOil

POLICY
Libya’s NOC announces

appointment and inclusion
of all employees of parallel

corporation and thanks

unity government

In implementation of the directives of His Excel-
lency the Prime Minister and in order to achieve
one of the most important objectives of the Gov-
ernment of the National Unity aimed at unifying and achieving huge returns to the Libyan state enhanced recovery of the country’s oil and gas
institutions, integrating and placing its members treasury to strengthen the national economy.” resources.
in the legitimate institutions of the Libyan state, NOC, September 4 2021 He said: “As the part of the government’s obli-
and based on what was agreed upon between the gation, it will encourage investment in Nigeria
Chairman of the Energy and Natural Resources DPR identifies six pillars by creating a stable, competitive and predictable
Committee of the Libyan House of Representa- business environment. The government will
tives and the Chairman of the Board of Directors for maximum economic encourage existing technologies to be deployed
of National Oil Corp. (NOC). to full effect to maximise full economic recov-
NOC informs about the issuance of the Deci- recovery of oil and gas ery of Nigerian resources. The government will
sion of the Chairman of the Board of Directors of also promote active exploration for new oil and
NOC No. (763) of 2021 dated September 4, 2021 industry gas resources in Nigeria and facilitate timely and
to merge and appoint the gentlemen affiliated effective data sharing.”
with the parallel National Oil Corp. (formerly) The Department of Petroleum Resources (DPR) The Director said it would greater access to
in NOC and its subsidiaries according to the has identified six pillars critical to its strategy for the timely and transparent data be necessary for
sector’s need for the functional specialisations of Maximum Economic Recovery (MER) for Nige- a competitive market. He added that the DPR
those concerned. ria’s oil and gas industry. Sarki Auwalu, Director would work closely with industry stakeholders
Mustafa Sanalla, Chairman of NOC, com- and Chief Executive Officer, DPR, made the dis- to deliver MER through collaborations, commu-
mented on this Decision, saying: “The Govern- closure during a recent meeting with technical nication, cooperation and coordination.
ment of National Unity, since its approval, has teams from the oil and gas industry in Nigeria. DPR, September 7 2021
been keen on unifying all the economic institu- Auwalu noted that the objective of MER
tions of the Libyan state and has given this issue was to maximise the expected net value of eco-
special attention. It took some time to work nomically recoverable petroleum from Nigeria’s UPSTREAM
on this goal and today we are ending the era of acreages. He said the pillars critical to MER are:
division in the oil sector forever, and we issue Reserves Maturation and Production Optimi- Zenith Energy announces
a decision appointing, integrating and merg- sation, Exploration and Resources Maturation,
ing all those affiliated to the (formerly) parallel as well as Improved Oil Recovery and Enhanced commencement of ROB-1
corporation.” Oil Recovery (IOR/EOR) implementation.
He continued: “NOC has maintained its unity According to him, it also includes Asset Stew- workover, Tunisia
during years of division and has acted impar- ardship, Performance Evaluation and Rewards
tially for the benefit of the Libyan state, and it has and Risk Management. Zenith Energy, the listed international oil and gas
been an example to be emulated internally and The DPR boss said this would help protect production company focused on pursuing Afri-
externally due to its great role in Libya’s unity and investments, business continuity and sustaina- can development opportunities, has announced
the safety of its economy from collapse. We hope bility, improved collaboration and cost reduction the commencement of workover activities in
that everyone realises the importance of this sec- in the oil and gas sector. well Robbana-1 (ROB-1) in the Robbana con-
tor and will continue to work professionally, as Auwalu said the Federal Government, cession, onshore Tunisia.
usual, away from polemics that will only harm through the MER strategies, was targeting to Prior to the beginning of workover oper-
the country.” increase the nation’s oil reserves from 36.91bn ations, ROB-1 produced at a stabilised rate of
He elaborated by saying: “The oil sector barrels to 50bn barrels in the short to midterm. approximately 20 bpd, with the last well inter-
represents a top priority in the concerns of the He said the government was also targeting vention having taken place in 2012. In the event
Prime Minister of the National Unity Govern- increasing Nigeria’s proven gas reserves from of a successful workover, the Company is target-
ment due to the sensitivity of this vital sector and 206.53 trillion cubic feet (5.849 trillion cubic ing to achieve an increased stabilised production
its great role in preserving Libya’s economy from metres) to 250 trillion cubic feet (7.08 trillion rate of approximately 60-80 bpd.
collapse. Therefore; there is complete agreement cubic metres). The workover of ROB-1 is expected to be
between His Excellency and NOC that requires Auwalu said as part of the MER’s strategy, the completed in approximately 25 days. An update
preserving the unity of the sector, keeping it away DPR has initiated annual awards for companies, will be provided once workover operations have
from disputes and pouring all our interest into projects or individuals who have added value been concluded.
attracting investment, increasing production to the Nigerian terrain through improved and Zenith Energy, September 6 2021

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