Libya's NOC Subsidiary Launches Oil, Gas Production at Chadar Field

SEATTLE (Oil Monster): Libya's National Oil Corporation (NOC) said on Monday that subsidiary Zallaf for Oil and Gas Co. had started production at the Chadar field with more than 7.5 million cubic feet of associated gas per day and 1,500 barrels of crude per day.

The NOC said in a statement the production rates were reached on the first day. Libya's oil output at the end of 2024 was just over 1.4 million barrels per day.

Chadar field, known as NC-126, is located in the Sirte Basin, southeast of Ajdabiya in eastern Libya.

The NOC posted pictures showing field workers with yellow helmets among pipelines, and heavy trucks with two reservoirs at the back.

Zallaf signed a contract with U.S.-based Honeywell in March 2023 for engineering work on the planned South Refinery project, likely to cost between $500 million and $600 million.

The refinery would process about 30,000 barrels per day of crude oil, producing conventional petroleum products.

Courtesy: www.msn.com