NOC explains reason for slight decline of crude oil production

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NOC explains reason for slight decline of crude oil production

September 05, 2022 - 20:16
Written by: MohamedAhmed

 The National Oil Corporation (NOC) announced, on Monday, that crude oil production amounted to 1.163,000 bpd during the past 24 hours, that is down from last Saturday figures of 1.224,000 bpd and Friday’s production 1.226.000 bpd.

The condensate production amounted to 48,000 barrels; NOC added in a statement. It attributed production decrease to technical problems related to electricity in the Masala and Sarir oil fields.

The statement, however, pointed out that specialized technical teams of the Arabian Gulf Oil Company are working to overcome these problems to return production to its former levels.