Libya to Cut Oil Production Due to Protests
We are talking about fishing at the Al–Sharara field, about 300 thousand barrels are produced per day. The Libyan National Oil Corporation (NOC) has announced the beginning of a reduction in oil production at one of the country‘s largest fields, Al–Sharara, due to the actions of protesters. “The National Oil …
Libya Has Limited Production at Its Largest Oil Field Due to Instability
In Libya, oil production was partially stopped at the country‘s largest Sharara field on August 4 due to unauthorized entry. The maximum capacity of Sharara is 320 thousand barrels per day. According to S&P Global Commodity Insights, production losses now range from 28-70 thousand b/s. Sharara is a joint project …
Libya Has Limited Oil Production at the Largest Field
After limiting production at Libya‘s largest Sharara field, the indicator fell by 30 thousand barrels per day to 230 thousand barrels per day as of the evening of August 3. Libya has begun a partial shutdown of production at its largest oil field, Sharara, Bloomberg reported, citing three sources directly …
Libya Overtook Nigeria and Became the First Country in Africa in Terms of Oil Production
For the first time in 10 years, Libya overtook Nigeria and became the first country in Africa in terms of oil production. This was reported by the economic agency Ecofin. “In the current conditions, for the first time in the last 10 years, Nigeria is having difficulty maintaining a stable …
OMV will Begin Exploration Drilling on Libyan Assets in February 2024
Austrian OMV intends to begin exploratory drilling in Libya in February 2024. Company representatives announced this at a meeting at the headquarters of the National Oil Corporation of Libya (NOC) in Tripoli. The meeting was attended by the director of the exploration department of NOC, the deputy general director of …
Algerian Sonatrach Returns to Libya
The Algerian company said it was negotiating the resumption of work on assets in Libya. Sonatrach from Algeria discussed with the Libyan NOC the prospects for resuming geological exploration in blocks 065 and 96/95 in the Ghadames basin in Libya. As the Algerian company clarifies, it is ready to begin …
Eni Ends Nine-Year Force Majeure on Three Exploration Assets in Libya
Eni and Libya’s state-owned NOC have canceled force majeure on three onshore and offshore blocks almost 10 years later, after they were forced to halt exploration work due to security conditions. Eni has formalized with its partner, the Libyan national oil and gas company NOC, the cancellation of force majeure …
Libya Announced the Resumption of Oil Production at the Largest Fields
The Libyan Ministry of Oil and Gas announced the resumption of oil production at the country’s two largest fields – El-Fil and Ash-Sharara after they were unblocked by protesters, the agency said in a statement. Earlier, the head of the Supreme Council of Al-Azvia Tribals, Sheikh Al-Senussi Al-Khalik, told RIA …
New Oil Deposits Discovered in Libya
Tatneft, together with the National Oil Corporation of Libya (NOC), discovered new oil deposits in the Ghadamis basin with a flow rate of 1,870 barrels per day. This was reported by RIA Novosti with reference to the NOC message. “The Libyan branch of PJSC” TATNEFT “as the second party (operator) …