The Chairman of Libya’s state-owned National Oil Corp (NOC) Mustafa Sanalla has inaugurated the new Tahara oilfield with an initial production of 2,500 barrels per day (bbl/d), the NOC’s official Facebook page stated.

According to the statement, the field is located in “NC4” concession and operated by Arabian Gulf Oil Co (AGOCO) in the Hamada area of western Libya. The field is expected to produce 40,000 bbl/d when the needed budget is available.

Sanalla elaborated that this project is ambitious noting that the Hamada area is one of the promising areas as it includes a large amount of oil and gas stocks despite having geological challenges.