NOC and ENI Sign MoUs

Libya’s state-run oil and gas firm NOC, and Italian major ENI, signed two MoUs on March 25.

The first MoU concerned the establishment of a steering committee to expedite gas production at structures ‘A’ and ‘E’ within maritime concession MN 41 in the Sabratha marine basin.

The steering committee will oversee the timely and transparent implementation of this project, in line with best-practice good governance, and will work to alleviate difficulties facing project implementation.

This important strategic project will provide gas to meet both local consumption and export requirements. Once complete, project capacity from both structures will total 760 million cubic feet of natural gas per day.

The second MoU agrees to jointly fund capacity building programs for industrial security staff at NOC and Mellitah Oil and Gas Company, with workshops focusing on risk assessment and mitigation, crisis management, and comprehensive field inspection procedures.

During the signing ceremony, NOC chief Mustapha Sanalla commented: “ENI is one of NOC’s strategic partners and one of the world’s largest oil and gas companies, renowned for its expertise and technological capabilities that we seek to bring to Libya. Our sector is the backbone of the national economy – we should preserve it for future generations. We have to work on developing the sector in order to increase production and fuel development.”

Source: petroleumafrica.com