Tag Archives | Sharara

Libya Revives Exports From Sharara

Oil exports from Sharara, which started again on Monday 21st July, is a sign of the country’s oil industry revival, Wall Street Journal reported on Monday. According to sources familiar with the situation, the first oil tanker will be delivered to the Spanish company Repsol, which is the National Oil Corporation's partner in the development […]

Libya Restarts Sharara Oilfield

Libya has restarted the El Sharara oilfield after protesters called off the four-month strike that had disrupted operations. The government also took over the Ras Lanuf and Es Sider oil ports last week, ending an almost year-long occupation that reduced Libya’s output to less than a quarter of the 1.4-million barrels a day it used […]

Repsol Restarts Production

Spanish oil major Repsol said on Tuesday it had restarted production at its 340,000 barrels-per-day El Sharara oil field (pictured). The complex was shut last month following clashes with protestors, and while production has restarted, it's still not back to full capacity. According to the report from Reuters, analysts estimate the shutdown cost Repsol 30 […]

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Oil Production Restarts at Sharara

Oil has reportedly started flowing again from the Sharara oil field, one of Libya’s largest. Spanish multinational Repsol is “producing 60,000 barrels a day,” said Mohammad Al Harari, a spokesman for the National Oil Corporation (NOC) said on Sunday. The field normally produces 300,000 bpd, and production should ramp up in the coming days. (Source: Dow […]

Protesters Agree to Reopen Oilfield

Following a deal with the government, Tuareg protesters at the El Sharara oil field agreed on Thursday to suspend their strike. The government has agreed to let the Tuareg institute a locally elected council and to issue them national ID cards, among other concessions. The National Oil Corporation (NOC) is reportedly preparing to resume production […]

New Gas Discovery in Murzuq Basin

The National Oil Corporation (NOC) and its operating partner, the Polish Oil and Gas Company (POGC, PGNiG) have discovered gas at contract area 113/1 in the Murzeq [Murzuq] Basin. The well is located approximately 750 km south-West of Tripoli and 150 km North West of El-Sharara Field. The initial production test result from the Carboniferous Tahara […]

Libya’s Sharara Field Reaches Output of 300,000 Barrels/Day

Libya’s Sharara oilfield has reached a production level of 300,000 barrels a day, state-owned National Oil Corp. said on its website. Sharara, which has a maximum production capacity of 340,000 barrels a day, is operated by Repsol YPF SA’s joint venture Akakus Oil Operations. The field is located in the Murzuq basin in southwestern Libya, […]