Briefing from SLB (formerly Schlumberger)

AmCham Libya was pleased to host a briefing from SLB, the world’s largest offshore drilling company. SLB has recently signed a first of its kind turnkey contract to support NWD (National Oil Well Drilling and Workover Company) to drill three wells in the Murzuq Basin. This contract is an important element in NOC’s strategic plan to increase oil production, as well as an example of NOC’s commitment to work with multinationals. SLB shared key insights from its long history in Libya, as well as reflections on this current contract. In addition, Marina Galkina, Economic Officer from the U.S. Embassy to Libya welcomed the participants and commented on the importance of the SLB contract and the positive signal it sends to other U.S.-based companies.