Leaked Correspondence Reveals Critical Details of NC7 Project Development

Tripoli, Libya – In a series of leaked documents, the National Oil Corporation (NOC) Chairman, Farhat Ben Gdara, provides detailed insight into the contracting mechanisms, historical timeline, and strategic significance of the NC7 gas field project. The correspondence, addressed to Attorney General Al-Sadiq Al-Sour, underscores the project's importance to Libya's energy sector and highlights the financial commitments and strategic plans set forth by the NOC.

Contracting Mechanism and Project Significance

In his letter dated February 2, 2024, Chairman Farhat Ben Gdara outlines the contracting process for the NC7 project. He emphasizes the necessity of the project to address the expected gas production shortfall by 2026. The project aims to increase gas production to meet the rising domestic demand for energy, particularly for power generation. The letter underscores the project's alignment with the NOC's strategic objectives to enhance production capacities and ensure energy security for Libya.

Historical Context and Development Timeline

The documents provide a historical overview of the NC7 gas field, first discovered in 1960. The need for increased gas production to meet the local demand has been a driving force behind the development of this field. Key milestones highlighted in the correspondence include:

• June 14, 2022: The previous NOC administration approved the entry of Total and Eni to develop the NC7 field.

• December 27, 2022: The Higher Council for Field Development convened to finalize the project plans and timelines, following the approval of funding.

• February 2, 2024: Detailed implementation plans and schedules were established, ensuring the project's alignment with strategic goals.

Financial Commitments and Social Responsibility

The correspondence reveals significant financial commitments from the project consortium, including an advance payment of $50 million and an additional $10 million for local community development. The NOC emphasizes its commitment to social responsibility, highlighting investments aimed at benefiting surrounding communities through infrastructure and social programs.

Chairman Ben Gdara's letters highlight the strategic importance of the NC7 project in increasing gas production by an average of 30% annually. This increase is vital for meeting domestic energy needs and supporting Libya's economic growth. The documents also reflect the NOC's dedication to ensuring the project's success through rigorous planning, stakeholder coordination, and adherence to timelines.

Conclusion

The leaked documents shed light on the comprehensive efforts and strategic planning by the National Oil Corporation to enhance Libya's gas production capabilities through the NC7 project. The correspondence between Chairman Farhat Ben Gdara and Attorney General Al-Sadiq Al-Sour underscores the critical nature of the project and the collaborative efforts required to achieve its objectives. This development marks a significant step forward in securing Libya's energy future and supporting its socio-economic development.