Zueitina Targets Full Production By May 2013

Libya’s Occidental and OMV-led Zueitina joint venture is targeting a return to full pre-revolution operated production of around 60,000 b/d by May next year.

Production has been stuck at 40,000-44,000 b/d in recent months, around 70% of pre-war volumes, and is currently 41,000 b/d. The key impediment to raising production beyond this has been a lack of gas lift at the joint venture’s key 103d field. Zueitina is gradually stabilizing the reservoir with continual gas injection which should enable the field to produce at pre-war 17,000 b/d levels from May. Current 103d production is a mere 400 b/d. (CONTINUED - 295 WORDS)