Tag Archives | C97

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 […]

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 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. […]

Gazprom in Talks with Oil Minister

Libya Herald reports that the Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi], has been in talks with Russian oil companies on a trip to Moscow. In particular he met Alexei [Alexey] Miller (pictured), the CEO of Gazprom, which was a significant investor in Libya prior to the revolution, and it is considered likely […]

Wintershall Tender for Drilling at C96/C97

Wintershall Libya invites interested and reputable contractors (IADC Members) with a suitable drill rig and relevant experience to apply for pre-qualification for consideration to tender for the provision of a Drill Rig for oil / gas and water injection wells within Wintershall’s onshore assets at C96 / C97 for the period of two years, starting […]