Tag Archives | oil production

January Oil Production at a 4.5 Year High

By John Lee. Libya’s oil production in January has been estimated to be at levels not seen since July 2013. According to Devin Geoghegan, of energy analysts Genscape, Libya produced nearly 1.083 million barrels per day of oil (1.133 mmbpd of total liquids) during January 2018. (Source: Genscape)

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 […]

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)