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The project aims to replace the temporary Let Down Station, installed in 2015, with permanent pressure reduction facilities at the expansion area of GS. This upgrade is intended to transport gas to the local market and supply the existing Sirte Oil Company (SOC) coastal gas pipeline with an increased capacity of 19.5 MSm3/d of sales gas at a higher pressure of 51 Bar.

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.

North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.