Wintershall Halts Oil Production in Libya

Wintershall, a wholly owned subsidiary of Germany's BASF, has again suspended onshore production in concessions C96 and C97 in Libya until further notice.

With armed hostilities taking place at more and more oil export facilities, the Libyan National Oil Corporation (NOC) declared Force Majeure in mid-December.

Wintershall traditionally transports oil produced in the Libyan desert to the export facilities in the coastal towns of Ras-Lanuf and Zuetina. Wintershall does not deliver oil to Es-Sider, where export facilities are on fire at this time after intense fighting. Wintershall only resumed production in concession C96 in the eastern Sirte basin at 35,000 barrels per day in September.

The company says it constantly monitors the situation in Libya, and treats the security of employees, their families, as well as the production facilities as its highest priority. It is unclear at this time, when production in the Libyan desert can be resumed.

(Source: Wintershall)

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