Two Libyan Oil Fields Resume Operations, Increasing Production

Libya’s oil production has increased after the Amal and As-Sarah oilfields in the east of the country resumed operations, S&P Global reported.

Libya’s crude output has reached over two-month highs of roughly 1 million barrels per day (b/d), now that all the country’s oil terminals are open.

Both the Amal and As-Sarah fields contribute to the country’s oil exports. Crudes from both fields are a part of the Amna crude blend, which is shipped from the Ras Lanuf oil terminal.

“End of August we were able to start up production in C96 [oil block] again with a capacity of up to 50,000 b/d. Production volumes are still depending on availability of external export pipelines and capacity of loading terminals,” a spokesman from Germany’s Wintershall which operates the As-Sarah field stated.

The Amal field, operated by Harouge Oil Operations, a joint venture of the National Oil Corp and PetroCanada, is now producing a raised output of 25,000 b/d.

The Ras Lanuf terminal is currently receiving 30,000 b/d of crude, compared to 125,000 b/d in January-May this year.

The destruction of a number of storage tanks in June during fighting over terminals on Libya’s east coast, leaving storage capacity limited is a constraint on current export numbers.

Wintershall, which operates the NC-96 and NC-97 blocks inlcuding the As-Sarah field, has been locked in contract negotiations with the NOC since 2017 over the terms of their agreement.

Egypt Oil & Gas Contribution Time: 03-Sep-2018 14:30 (GMT)
Egypt Oil & Gas Last Update Time: 03-Sep-2018 14:30 (GMT)