Tag Archives | oil production

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 […]

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 […]

German Firm looking to help AGOCO

German engineering company Ferrostaal is reported to be helping the Arabian Gulf Oil Company (AGOCO) to increasing its oil production. An AGOCO spokesman told the Libya Herald that the managing director of Ferrostaal Industrieanlagen Libya, Marc Neumann, discussed business and possible new contracts with AGOCO chairman Mohamed Ben Shatwan in Benghazi last week. Ferrostall is not […]

Sharara Oilfield Reopens

The National Oil Corporation (NOC), Zintan Elders Council, and Petroleum Facilities Guard (PFG) have welcomed a new accord to reopen unconditionally the blockaded Sharara oil field, restoring over 200,000 barrels per day of Libyan oil production with immediate effect. This will also allow reopening of the El Feel [El Fil, Elephant] oil field, which produces […]

Protesters Disrupt Production at Sharara

By John Lee. Bloomberg reports that oil production at the Sharara oil field (pictured) in southwest Libya has been suspended. Sources say protesters shut down the oil pipeline from Sharara to the port and Zawya refinery, but it is unclear what the demonstrators were demanding. Sharara normally produces more than 200,000 barrels of oil per […]