NOC and its companies participate in the Revival of Libyan Oil Sector Forum organized by Schlumberger

NOC Chairman of the Board, Mr. Mustafa Sanalla and Schlumberger President and CEO, Mr. Olivier Le Peuch participated in the activities of the Revival of Libyan Oil Sector Forum held in Turkey/Istanbul, which lasted for three days.

The Chairman of NOC inaugurated the forum with a speech in which he welcomed the attendees and praised the relationship between NOC and Schlumberger, extending for decades since the discovery of oil in Libya. He pointed out the importance of the joint programs being implemented to improve the production, and Schlumberger's efforts to resume production from the closed wells, as well as the establishment of a training center in Benghazi to develop manpower skills. He mentioned that this center has already started its training programs in Benghazi, and the first batch has graduated from it before the holly month 'Ramadan'.

President and CEO of Schlumberger, Mr. Olivier Le Peuch expressed his appreciation to the strategic partnership with the Libyan oil sector and the constant presence of Schlumberger in Libya, even at the toughest circumstances that Libya went through.

The latest technologies used for production from oil reservoirs were presented in the forum, especially the technologies used for the optimal management and reservation of reservoirs. The forum also presented the latest techniques used for the re-entry of wells and improving their productivity, through horizontal and tilted drilling. The attendees made significant interactions. Part of the Forum was specified to the technologies available to Schlumberger regarding the evaluation and rehabilitation of surface equipment.

The forum activities were attended by Mr. Belgasem Shengeer, Member of the Board of NOC, heads of the oil producing companies in Libya, directors of the technical departments at the oil sector; and from Schlumberger, CEOs of America, the Middle East and North Africa, as well as some specialists.