tradingkey.logo

Libya's Mellitah to drill 8 offshore wells to boost gas production

ReutersApr 8, 2025 4:17 PM

- Libya's Mellitah Oil and Gas Company said on Tuesday Norwegian contractor Borr Drilling's Vali rig will start drilling eight offshore gas wells for the group soon, with the aim of producing 160 million cubic feet of natural gas per day.

Mellitah, a joint venture between Libyan state oil firm (NOC) and Italy’s Eni ENI.MI, said the drilling operation would start within a couple of days and it is expected to finish within 15 months.

"This (production) will feed power plants, cement factories, and iron and steel plants, in addition to providing cooking gas," Mellitah said in its statement.

The company said the rig will drill in water depths ranging from 95 to 100 meters in offshore formation A.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI