The National Oil Corporation (NOC) of Libya has announced the discovery of six new oil wells in 2025, containing recoverable oil reserves estimated at 168.1 million barrels and gas reserves of 52.019 billion cubic feet, providing a significant boost to the country’s production capacity.
According to information published by the NOC on its Facebook page, half of the wells have successfully passed testing, while one remains under testing and two are currently suspended. The Arabian Gulf Oil Company (AGOCO) discovered three of the wells, with the remaining discoveries made by Sirte Oil and Gas Production and Manufacturing Company, Algeria’s Sonatrach, and Austria’s OMV, each identifying one well.
The NOC stated that all the wells will significantly contribute to boosting production next year by thousands of barrels of crude oil per day. Additionally, the new discoveries will add substantial oil and gas reserves that will help offset produced volumes, strengthening Libya’s position in the global energy market.
Source: libyaobserver.ly