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PART TWO
OAPEC Activities in 2012
1. Company Activities in 2011
During the first two months of 2011 the company achieved an operating
rate of 100%, operating 17 rigs owned by the company, in addition to 5
chartered rigs from the Chinese company, 1 rig from the Kuwaiti company,
and 2 rigs from CROASCO, bringing the total to 25 rigs operating for the
company early in the year.
In the aftermath of the events that occurred in Libya, the company’s
management assessed the situation and prepared plans to evacuate all the
employees, except for those who expressed willingness to continue work
and to secure the company’s properties of 27 sites in the desert (16 rigs
owned by the company, 8 chartered rigs, and two fixed sites; one under
concession A103, and the other under concession 115, in addition to the
company’s headquarters in Tripoli). All desert sites were evacuated in
coordination with the operators.
A transport company, located in Ojla city, was assigned to provide
protection to a number of the company owned and chartered rigs, in
addition to concession site A103. A large number of the company’s trucks,
cranes and vehicles were stored in the location of the transport company in
Ojla, and were thus protected.
The company, in coordination with the employees of the company
residing at Zala area and the fields of Al-Sharara and Al-Feel, as well
as some natives in the areas where the rigs and equipment were stored,
including Mount Nafousa and Tripoli stored a number of the company’s
equipment and vehicles in their farms for preservation purpose. A number
of the vehicles and equipment at the company’s headquarters were seized.
Therefore, the management decided to develop an emergency plan,
summarized as follows:
Setting a financial plan to maintain the national employees of the
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company in light of the available liquidity.
Providing the necessary guard services for all the company’s rigs
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and sites in the desert.
Contacting the Arab British Commercial Bank and competent
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