Libya: Output Boost Imminent?

Oil officials in Libya are pinning their hopes on a restart for the Sharara and El Feel fields over the coming days. If successful this could add 365,000 b/d to the country’s crude production which has been averaging just shy of 600,000 b/d.

The Sharara fields, on Blocks NC-115 and NC-186 in the Murzuq basin in the southwest, operated more-or-less consistently from late-2011 to November 2014 but since then have been shut in by protestors blocking the pipeline at Rayayina in Zintan region, the site of a pumping station en route to Zawiya port. The fields are operated by Spain’s Repsol, which has a 40% stake in the Akakus consortium alongside Austria’s OMV (30%) and France’s Total (30%). (CONTINUED - 694 WORDS)