The signing of a statement of intent by representatives of Libya’s National Oil Corporation (NOC) this week could mean “big business” for Aberdeen, said councillor Barney Crockett.
Mustafa Sanalla, chairman of the NOC, met with Aberdeen council officials and attended a roundtable hosted by Oil and Gas UK to discuss future collaboration between each country’s energy sectors.
The roundtable meeting saw Mr Sanalla and an international trade delegation from Libya meet heads of trade and energy.
The visit included discussions on technical training, advanced technology, offshore and onshore developments and early production facilities, including management of mature fields.
Mr Sanalla said: “Our Libyan delegation including senior NOC and subsidiary staff are in Aberdeen to discuss and focus on great opportunities for reconstruction and investment in the oil and gas sector in Libya. This forum is very important because it re-affirms our commitment to work with the highest qualified consultants, vendors and ancillary service providers of the industry.”
Afterwards, at a dinner organised by the Libyan British Council, Mr Sanalla signed a statement of intent between the NOC and the city of Aberdeen to undertake future work together.
Mr Crockett said: “I think it opens up tremendous possibilities for the area. [Libyan oil officials] met with local weekend like Wood and Petrofac and I think the future looks extremely bright.
“I think it will be very, very big business as there are lots to do there. Libya needs to rebuild its oil industry and production from a very low level; I think it’s now up to 1.5 million barrels of oil a day.
“It’ll require a lot of reequipping and refinancing and I think there is interest across the field in terms of what Aberdeen and the UK can do. There’s great potential.”
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