Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
The past year has seen a significant downturn in output for oil companies operating in Libya, with several firms recording their worst year since the toppling of Mu’ammar al-Qadhafi in 2011, and others deciding to write-off expenses from which they see no imminent return from production.
Production in Libya by France’s Total dropped to an average of 27,000 boe/d in 2014, its lowest level since 2011, according to figures published in the company’s 2014 yearbook, on 15 April. Production dropped from 50,000 boe/d in 2013, having peaked at 62,000 boe/d in 2012. Output in 2011 was just 20,000 boe/d.
Total is the leading foreign partner in both the onshore Mabruk field (Blocks 70 and 87) and offshore al-Jurf fields (Blocks 15, 16 and 32), both operated by Mabruk Oil Operations, a joint venture led by Total and NOC. Total has 37.5% in both, NOC has 50%; Statoil has 12.5% of Mabruk and Germany’s Wintershall 12.5% of al-Jurf.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE