Tag Archives | C96

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 […]

Wintershall Resumes Oil Prod’n in Libya

The onshore oil production in Libya is still subject to temporary fluctuations caused by external influences on the export infrastructure. Currently it is not possible to load at the export terminal of Ras Lanuf. On Monday, 15 December Libya’s National Oil Corporation (NOC) has declared force majeure for Ras Lanuf due to newly erupted militia […]

Wintershall Halts Oil Production in Libya

Wintershall, a wholly owned subsidiary of Germany’s BASF, has again suspended onshore production in concessions C96 and C97 in Libya until further notice. With armed hostilities taking place at more and more oil export facilities, the Libyan National Oil Corporation (NOC) declared Force Majeure in mid-December. Wintershall traditionally transports oil produced in the Libyan desert to […]

Wintershall Considers Return to Libya

Wintershall achieved a new record result in 2013, despite the production stop in Libya. The BASF subsidiary increased net income by 48 percent to 1.8 billion euros (2012: 1.2), thus crossing the billion euros mark for the third time in a row. Wintershall operates eight oil fields in Libya in the onshore concessions 96 and 97. […]