Tag Archives | OMV

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 […]

NOC warns Oil Market against Illegal Contracts

By John Lee. The National Oil Corporation (NOC) has reasserted that it is the only body authorised by the United Nations to export crude oil and oil products from Libya. The NOC confirmed that term contracts covering the entire production for 2017 for all Libyan crude grades have already been entered with 16 international oil […]

OMV’s Libya Production “Ongoing”

By John Lee. Austrian energy company OMV has said its oil production in Libya is “ongoing“, and the increases are expected this year. A spokesperson for the company told UPI: “OMV production is ongoing, with a planned level of 10,000 barrels per day for the full year 2017.” (Source: UPI)

OMV Restarts Production; Increases Stakes in Libyan Fields

Austria’s OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields. The Sharara fields are located in the Murzuq basin. In Q4/2016 OMV’s production from Libya amounted to approximately 3,000 bbl/d. OMV also […]

Sharara Oilfield Resumes Production

The National Oil Corporation (NOC) has announced that production at the Sharara oilfield reached 58,000 barrels on Wednesday, according to a report from Reuters. The NOC confirmed on Tuesday the reopening of pipelines connecting the Sharara oil field to Zawiya refinery, and the El-Feel [El Fil, Elephant] oil field to the Mellitah complex. The pipelines […]

‘Global interest in Libya Oil & Gas’ – NOC Chairman

Global Summits Organiser, IRN, recently held the 4th New Libya Oil & Gas Forum at the Tower Hotel in London on 19-21st October 2015. Hosted with the exclusive support of the National Oil Corporation (NOC Libya), the high-level meeting attracted more than 200 international oil and gas companies as well as a high level Libyan […]

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Wintershall Eyes Oxy Assets in Libya

Germany’s Wintershall is reported to be interested in buying some or all of the Libyan assets of Occidental Petroleum. The Wall Street Journal said that Houston-based Occidental has sought and obtained permission from the National Oil Corporation (NOC) to allow Wintershall access to confidential data on the fields it partly owns. Occidental currently participates, along […]