Tag Archives | Wintershall

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 […]

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 […]

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)

NOC, Wintershall strike deal to Resume Production

Germany’s Wintershall and the National Oil Corporation (NOC) have agreed an interim arrangement to resume production at NC 96 and NC 97. NOC said in a statement: “The agreement allocates to Wintershall an amount of production sufficient to cover its costs, with all remaining production being allocated to NOC.” “It also provides that during this […]

Wintershall Crisis: NOC Chair meets German Ambassador

The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has met with German Ambassador to Libya Dr Christian Buck, and briefed him on recent developments surrounding Presidency Council Resolution 270. Sanalla told the ambassador he was pleased to note the Benghazi Appeals Court had ruled that Resolution 270 was not lawful, and that this […]

“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 […]

Wintershall can’t Forecast Libyan Oil Production

By John Lee. Germany’s Wintershall has said was able to produce from Libya’s onshore concession 96, on a low level, for a total of 125 days from February to May and from September to the beginning of November 2015, despite what it described as “the difficult political circumstances“. The BASF subsidiary operates eight oil fields […]