Production has plummeted from 1.2mbpd just before the blockade, which began on 18 Jan 2020
libya noc
Posted inDRILLING & PRODUCTION
Libya NOC shuts down main refinery and Sharara field following valve closure
Production at Sharara field has been shut down, the latest occurrence in the country’s blockade, which NOC Chairman Mustafa Sanalla calls “a true national crisis”
Posted inDRILLING & PRODUCTION
Japanese consortium completes study to develop Libya’s Sirte Basin concession 47
They plan to increase production from 10,000bpd to 80,000bpd
Posted inDRILLING & PRODUCTION
ENI and Libya NOC’s joint venture is losing $9.4mn per day
As Libya’s output grinds to a halt, revenue is being severely impacted
Posted inVideo
Libya NOC chairman says output close to zero
In an interview with Bloomberg, Libya NOC Chairman Mustafa Sanalla said that the ongoing strife in Libya could lead to a complete stop in oil production.
Posted inDRILLING & PRODUCTION
Libya’s oil chief issues fresh warning about the impact of blockades
He called on the global community to take action, and warned of the end of rule of law in Libya
Posted inDRILLING & PRODUCTION
Libya NOC and Wintershall to establish joint operating company for Sirte Basin concessions
Wintershall Aktiengesellschaft will also contribute $150mn towards corporate social responsibility and sustainable development programmes and projects
Posted inDRILLING & PRODUCTION
Libya NOC approves Total’s acquisition of Waha concession stake
Total will invest $650mn to develop the Waha concessions, in which it acquired a 16.33% stake through its acquisition of Marathon Oil Libya Limited
Posted inDRILLING & PRODUCTION
Valve closure interrupts production at key Libya oil field
Production at the El Feel oil field was once again interrupted, and Libya NOC Chairman Mustafa Sanalla called for those responsible to be held accountable.
Posted inDRILLING & PRODUCTION
Libya NOC eyes partnership with Algeria’s Sonatrach to boost production
Both parties agreed to form a joint working group to study common points of interest and opportunities for collaboration