Tripoli – Monday, August 31, 2026

The Owners’ Committee of Mabruk Oil Operations convened today, Monday, for its 55th regular meeting covering Contract Areas (70/87) and (15, 16, & 32). The session reflects the company’s commitment to reinforcing corporate governance, strengthening alignment and coordination between the owners and the operator, and supporting efforts to enhance operational efficiency and achieve approved targets.

The meeting was attended by the Chairman and members of the Owners’ Committee, the Chairman and members of the Operator’s Management Committee, alongside the Manager of Development & Planning, the Manager of Health, Safety, and Environment (HSE), and the Head of the NOC Monitoring Committee.

The proceedings commenced with opening remarks from the Chairman of the Operator’s Management Committee, who emphasized the vital importance of ongoing coordination and collaborative effort among all key stakeholders. He highlighted the need for seamless integration to bolster operational performance and ensure project execution aligns strictly with established priorities and schedules.

The meeting featured a comprehensive review of operational updates and field activities, alongside progress tracking across key projects. Discussions focused on major agenda items and the implementation status of recommendations and decisions adopted in previous meetings.

Detailed presentations and executive summaries were delivered showcasing key achievements and operational performance indicators (KPIs) from the preceding period. The committee also addressed major challenges and operational bottlenecks, reviewing the corrective measures and solutions implemented to guarantee workflow continuity and efficiency.

The session included extensive discussions and an open exchange of views regarding critical operational and project files. Participants reaffirmed the necessity of maintaining a unified team spirit and enhancing communication channels to facilitate sound decision-making and align with the company’s overarching objectives.

At the conclusion of the meeting, the committee formally approved a series of recommendations and actionable decisions, agreeing on key procedures for the topics discussed. The committee stressed the importance of tracking implementation within designated timelines and maintaining strong synergy between owners and the operator to fulfill the company’s technical and operational mandates. This regular meeting underscores the committee’s dedication to ongoing performance monitoring, transparency, robust governance, and a strong partnership between