Tag Archives | C96

NOC Chairman meets Sonatrach Chairman in Algeria

By John Lee. As part of the joint cooperation between National Oil Corporation (NOC) and the Algeria’s Sonatrach, NOC Chairman Eng. Mustafa Sanalla and his accompanying delegation met Mr. Rachid Hachichi, Chairman and CEO of Sonatrach, his two deputies, and a number of the Algerian company’s departmental directors in Algiers on Thursday, October 24, 2019. […]

Wintershall DEA “Considering Libya Exit”

By John Lee. German Oil and gas firm Wintershall DEA is reportedly considering exiting Libya following disagreements with the National Oil Corporation (NOC) over licences. Handelsblatt reported that the company’s Chief Executive Mario Mehren, and Hans-Ulrich Engel, CFO at BASF – which holds a 67% stake in Wintershall – have met with a senior representative […]

Wintershall Dea sees Risks to Libyan Production

By John Lee. The CEO of Germany’s Wintershall Dea has said that the current instability in Libya presents a significant risk to the company’s on-shore production. On the sidelines of the 2019 St. Petersburg International Economic Forum (SPIEF-2019), Mario Mehren (pictured) told TASS: “We have offshore production that has the advantage of being offshore so […]

50,000 bpd As-Sarah Fields Reopen

By John Lee. The municipality of Jikharra has decided to reopen the oil fields in its area that have been shut since the beginning of November 2017. According to a statement by the National Oil Corporation (NOC), the “unauthorized shut-down” of the As-Sarah fields in the NC-96 concession by operator Wintershall has resulted in the […]

NOC, Wintershall strike deal to Resume Production

Germany’s Wintershall and the National Oil Corporation (NOC) have agreed an interim arrangement to resume production at NC 96 and NC 97. NOC said in a statement: “The agreement allocates to Wintershall an amount of production sufficient to cover its costs, with all remaining production being allocated to NOC.” “It also provides that during this […]

“No Technical Obstacles” to Oil Output Targets

By John Lee. Libya’s National Oil Corporation (NOC) has said there are no technical obstacles to meeting its short-term production targets of 1.1 to 1.2 million barrels per day (bpd), but adds that output is limited by a dispute with Germany’s Wintershall. In a statement, the NOC said: “Libyan oil production exceeded 800,000 [bpd] for […]

NOC Accuses Wintershall of Interference in Libyan Politics

By John Lee. Libya’s National Oil Corporation (NOC) has accused Germany’s Wintershall, a subsidiary of BASF, of trying to interfere in Libyan internal politics and to take advantage of the weakness of the state. In a statement, the NOC referred to a memorandum of understanding (MOU) signed on August 26, 2010, which extended Wintershall’s 50-year […]

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 […]