Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt.
Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt.
The Sharara field is currently producing 216,400 barrels a day, while the El Feel, or Elephant, deposit is pumping 26,500 and is expected to boost output further, Jadalla Alaokali, a board member at the National Oil Corp., said Sunday by phone. Crude from Sharara started flowing to the Zawiya refinery after the port of Zawiya re-opened last week following a three-week closure. El Feel, idled since April 2015, also restarted last week.
The pipeline carrying Sharara crude to the Zawiya refinery was blocked in early April just one week after it reopened, halting production at the field. Sharara is operated by a joint venture between the NOC and Repsol SA, Total SA, OMV AG and Statoil ASA. It has a capacity of 330,000 barrels a day and was pumping 200,000, the NOC said on April 4.
El Feel, operated by a joint venture between Eni SpA and NOC, has a capacity of 90,000 barrels a day. El Feel couldn’t resume production until Sharara was restarted because Sharara helps to supply electricity to El Feel.
Separately, authorities captured two tankers that were attempting to smuggle fuel from Libya and detained their crews after an exchange of gunfire, according to Ayoub Qassem, spokesman for the country’s naval forces. The coast guard seized the vessels on Thursday off the Sidi Said area west of the capital Tripoli, Qassem said. The first tanker held about 3,330 tons of diesel in its tanks, and the other had 300 tons, he said.
Source: Libya Oil Output Rebounds as Sharara, Feel Fields Restarted – Bloomberg
