Having already broken past the 1mn b/d mark, Libya’s National Oil Corporation (NOC) is pushing full steam ahead towards its end-year target of 1.3mn b/d. As MEES showed last week, NOC’s target is within the realms of possibility - on paper, it has the capacity (MEES, 6 November).
But a recent technical issue at the key Repsol-led El Sharara concession only goes to highlight the long-term challenges facing Libya’s crumbling oil infrastructure. El Sharara output suddenly fell by about 75,000 b/d to 175,000 b/d on 7 October as engineers worked to repair a pipeline leak, according to a Bloomberg report. (CONTINUED - 940 WORDS)