Wintershall can’t Forecast Libyan Oil Production

By John Lee.

Germany’s Wintershall has said was able to produce from Libya’s onshore concession 96, on a low level, for a total of 125 days from February to May and from September to the beginning of November 2015, despite what it described as “the difficult political circumstances“.

The BASF subsidiary operates eight oil fields in the onshore concessions 96 und 97 together with Gazprom. Onshore oil production in Libya had to be suspended for prolonged periods in 2015 due to the intermittent availability of the export infrastructure. However, it was possible to operate uninterrupted from the Al Jurf crude oil field off the coast of Libya, in which Wintershall holds a share.

The company’s head of finance, Ties Tiessen (pictured), told a press conference that it cannot forecast oil production in Libya for the current year, adding, “we hope the political unification process can lead to stability.

(Sources: Wintershall, Reuters)

No comments yet.

Leave a Reply