Tag Archives | OMV

Sanalla discusses Investment Opportunities with leading IOCs

As part of the inaugural Libyan-European oil and gas summit held in Vienna last week, Libya’s National Oil Corporation (NOC) chairman Mustafa Sanalla met with representatives from leading oil and gas companies. He was accompanied by NOC Board member Abulgasem Shengheer, and the heads and specialists of a number of NOC affiliated companies. Individual meetings […]

New Initiative to Enhance Security in Libya’s Oil Sector

The National Oil Corporation (NOC) is implementing new measures to enhance industrial security in Libya’s oil sector, following a meeting between security directors from NOC and ten international oil companies (IOCs). Among those attending the meeting were directors of NOC industrial security departments, Zulaf Libya Company, and IOC’s including OMV, Schlumberger, Repsol, Wintershall, the Polish […]

Sharara Oilfield Resumes Production; NOC to Sue

By John Lee. The National Oil Corporation (NOC) confirmed on Monday that production at the Sharara oil field has resumed following 24-hour suspension. The stoppage caused half a million barrels of production to be lost, at an estimated cost of $30 million. Hassan Mohamed al-Hadi, a landowner in the western Zintan area, told Reuters: “I […]

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 […]

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 […]

NOC Chairman meets with OMV

On Wednesday 21 June 2017, Mustafa Sanalla, NOC Chairman, held a meeting with Johann Pleininger, the Executive Officer for Upstream (Exploration and Production) of Austria’s OMV. The meeting was attended by Abulgasem Shingheer and Elamari Mohamed Elamari Members of the Board of Directors, Mr. Nasser Zumit Chairman of the Management Committee of Zueitina Oil Company […]

Sharara Oilfield Reopens

By John Lee. The Sharara oil field has reportedly reopened following a protest by workers. Reuters said that the field, which had been producing nearly 270,000 bpd, was closed on Wednesday by workers protesting at a lack of medical treatment for a colleague who died in a swimming pool accident. The field is operated by […]

Libya “an Attractive Place for OMV to do Business”

By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, along with the NOC Board of Directors, met with Dr. Rainer Seele, Chairman and CEO of the Austria’s OMV, recently in Vienna. They discussed various topics including technical studies aimed at increasing reserves and production capacity at Libyan oil fields. Seele told […]