Released April 22, 2021 | new delhi, india
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Despite nearly a decade of turmoil, Libya, one of the largest hydrocarbon reserve holders in North Africa, seems to be back in the game with an average production rate of more than 1.3 million barrels per day (BBL/d) since November 2020. With several new fields opening up and the restart of fields that were shut-in, Libya's National Oil Corporation expects to increase daily production to 1.45 million BBL/d by the end of 2021, to 1.6 million BBL/d within two years and to 2.1 million BBL/d within four years.
Industrial Info is tracking a number of onshore and offshore oil and gas production projects in Libya, including grassroot, upgrades, additions and expansions worth approximately $1.25 billion that will contribute to a production increase. If you are a subscriber to Industrial Info's Production database, click here for a list of related projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, visit us online at http://www.industrialinfo.com.
Industrial Info is tracking a number of onshore and offshore oil and gas production projects in Libya, including grassroot, upgrades, additions and expansions worth approximately $1.25 billion that will contribute to a production increase. If you are a subscriber to Industrial Info's Production database, click here for a list of related projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, visit us online at http://www.industrialinfo.com.
