The Chairman of the Directors Board of the National Oil Corporation said that a budget for the 3D Seismic Scanning Program had been liquidated to cover 1,500 square kilometres of the area 57, located in the surface of Barca, worth 28.4 million dinars of the total total value of the project, estimated at 38.1 million dinars.
He added that the project would begin after the mine scanning in the area had been completed, noting that the Arabian Gulf Oil Company had provided drilling programs for three new exploration wells and three other production test wells, which had been discussed and technically approved by the Enterprise Exploration Department, but the lack of approval of the budget for the year 2021 prevented its implementation.
Mustafa Sanalla noted that the National Oil Corporation attaches the utmost importance to the implementation of development drilling programmes and the investment in these types of activities. It works hard to accomplish them and to obtain the necessary funding for these activities have significant and positive impacts in reducing the decline in production rates and ensuring their stability and increase.