Tag Archives | oil production

Oil Production Resumes at Faregh Field

By John Lee. The National Oil Corporation (NOC) announced the restart of production at Waha Oil Company (WOC)'s Faregh field on Thursday, nearly a year after it was shut down due to the closure of oil terminals in January 2020. After lifting the force majeure in September 2020, Waha began what it describes as difficult […]

Production Resumes at Waha Oil Company

Resuming production of Waha Oil Company after the completion of the necessary maintenance on the 32-inch Pipeline connecting the fields of Samah - Dhahra - to Es-Sider Terminal The National Oil Corporation (NOC) has announces that the Waha Oil Company has completed the necessary maintenance of the main crude oil pipeline connecting the Samah, Dhahra […]

Sirte Oil Doubles Production

By John Lee. Sirte Oil and Gas has said it has achieved "new and unprecedented crude oil production" which exceeded 100,000 barrels per day, compared with an average rate of 55,000 bpd prior to the oil blockade at the beginning of this year. This increase, which according to the NOC was reached in a record […]

Libyan Oil Production Exceeds 1m bpd

By John Lee. The National Oil Corporation (NOC) has announced that it has increased oil production to 1,036,035 barrels a day (bpd). However, the NOC warned that it may not be able to sustain the current production levels due to what it described as "the reluctance of some entities and their hindering of NOC's efforts […]

Libyan Oil Output hits 800,000 bpd

By John Lee. Libya's oil production has reached a reported 800,000 barrels per day (bpd). According to Bloomberg, Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), said the country is targeting 1.3 million bpd by the beginning of next year. As recently as early September, the country was producing only 100,000 bpd. More […]

NOC Lifts Force Majeure at Al Sharara Field

By John Lee. The National Oil Corporation (NOC) has announced that it has reached what it describes as an 'honor agreement', under which the Petroleum Facilities Guards (PFGs) "abides by ending the entire obstacles that face Al Sharara Field in a way that guarantees there will be no security breaches and in a way that […]

Libya's Oil Blockade to Shrink Production Glut

Libya's oil blockade is now entering its seventh month and the war-torn country's oil output is hovering at just 100,000 barrels per day (bpd) instead of the pre-crisis 1.2 million bpd. Without a peaceful solution on the horizon, Rystad Energy is further pushing back its expected restart to the fourth quarter of 2020, a change […]