Atwasat

NOC signs memorandum of understanding to develop Al-Haram oil field




Alwasat - Cairo Thu 21 Feb 2019, 11:58 PM
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FluidOil and National Oil Corporation (NOC) announced that a Memorandum of Understanding ('MOU') has been signed to evaluate the development of the Al-Haram heavy oil field. This evaluation will focus on using the latest heavy oil production techniques in conjunction with FluidOil's 'VHTL' on-site upgrading technology.

Mustafa Sanalla, the Chairman of Libya's National Oil Corporation, said: 'We are seeking cutting edge technologies to help us maximise recovery of our national hydrocarbon assets. Al-Haram is a field we have so far been unable to develop due to its viscous nature. We hope that VHTL will provide a solution to the viscosity issue and help improve recovery so that this becomes an attractive project for NOC.'

Charles Parker, Chief Executive of FluidOil, said: 'FluidOil is delighted to be working with the NOC to demonstrate the benefits of on-site upgrading of viscous heavy crudes. We are keen to showcase the full range of VHTL's benefits from viscosity through to chemical reduction and the provision of on-site energy for enhanced oil recovery.'

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