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Located onshore Libya, the Abu Attifel and NC 125 fields are active in conventional oil production. Their peak production occurred in 1994, having already recovered 92.14% of their total recoverable reserves. Economic projections indicate that oil extraction will continue until these fields reach their economic limit by 2046. Presently, these fields contribute approximately 5% to Libya’s daily oil output.

An innovative ultra-deep-water offshore project, the Kaombo project in Block 32 aims to extract oil from six fields linked by 300km of pipelines to FPSO vessels. Operating at depths up to 1,950 meters, it utilizes advanced technology for its 658 million barrel reserves, with a production capacity of 230,000 b/d, making it Angola’s largest subsea well system. Through cutting-edge technology and engineering, it pushes the boundaries of traditional oil exploration, demonstrating Angola’s commitment to advancing its energy sector.

The project involves upgrading the Reactor and Regenerator sections of the FCC Unit at Lukoil’s refinery in Bulgaria. This upgrade will boost the unit’s efficiency, enabling it to process more oil and produce higher-quality products. Additionally, it sets the stage for Lukoil’s future investments in the refinery, positioning the company for long-term success in the industry.