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FluidOil signs MOU with Libya’s NOC

The Address | Benghazi – Libya

TRIPOLI – British company FluidOil and the Tripoli-based National Oil Corporation (NOC) announced that a Memorandum of Understanding (MOU) has been signed between the two companies “to evaluate the development of the Haram heavy oil field.”

According to a statement by NOC, “this evaluation will focus on using the latest heavy oil production techniques in conjunction with FluidOil’s ‘VHTL’ on-site upgrading technology.”

Chairman of NOC, Mustafa Sanalla, said that NOC is “seeking cutting edge technologies to help us maximize recovery of our national hydrocarbon assets.”

“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.” He added.

For his part, Charles Parker, CEO of FluidOil, said that his company 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.” Parker said.

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