Tag Archives | Wintershall

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 […]

Vallourec Partners with Wintershall

French pipeline maker Vallourec has signed a global contract with the German company, Wintershall Holding GmbH (BASF Group). The new, three-year contract, which contains an option to renew, covers the main countries in which Wintershall operates: Germany, the Netherlands, Libya, Abu Dhabi and Norway. The agreement concerns the entire range of Vallourec’s most advanced tubular […]

‘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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