Tag Archives | oil production

2017 Oil Production Target “Very Uncertain” – Sanalla

By John Lee. The head of Libya’s National Oil Corporation (NOC) has said that the increases in Libyan oil production over the summer have “created a media storm.” Asked about Libya’s fourfold rise in production since last year, and whether it has undermined efforts to shrink a worldwide oil glut, Mustafa Sanalla told the Financial […]

Sharara Oil Field closed since Sunday

By John Lee. An armed group — believed to be Brigade 30 — forced the closure of the giant Sharara oilfield late on Sunday. Mustafa Sanalla, National Oil Corporation (NOC) chairman, said on Monday that the closure had already caused a loss of $16 million. Production at Sharara is normally in the range of 230,000-to-280,000 […]

Oil Blockade “a National Tragedy”

By Jobn Lee. The National Oil Corporation (NOC) says more than 360,000 barrels per day of Libyan crude oil production has been shut in by what it describes as a “criminal militia” operating in Western Libya, at a cost to the country of $160 million in lost production. “These gangsters are not only harming the […]

Sharara Oilfield Shut Again

By John Lee. Libya’s largest oilfield has reportedly been closed since Saturday because of a pipeline blockade. According to Reuters, the National Oil Corporation (NOC) declared force majeure on loadings of Sharara crude from the Zawiya oil terminal. Sharara is run as a joint venture between the NOC, Repsol, Total, OMV and Statoil. In recent […]

Libya’s oil Output Reaches 4-Year High

By John Lee. Libyan oil production is now reported to be in the region of 950,000 to 1 million barrels per day (bpd). Reuters cites sources on Thursday as saying it was “close to” 1 million bpd, up from around 935,000 bpd earlier this week, while Libya Herald said on Friday that production has reached […]

Libyan Oil Output Hits 885,000 bpd

By John Lee. Libya is said to be producing 885,000 barrels of crude oil daily following an agreement with Wintershall to restart production at fields with a combined output of 160,000 bpd. The country now aims to increase production to 1 million bpd by the end of next month. (Source: OilPrice.com)

Expat Exodus Slows Libya’s Oil Recovery

By John Lee. Oil industry analysts are predicting that Libya’s ability to pump more oil will be limited by the availability of foreign staff, who are reluctant to work in Libya due to the security situation. While production has more than doubled to over 800,000 bpd in the past year, Richard Mallinson of Energy Aspects […]

“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 […]