Libya has reopened three small eastern oil fields closed since June due to fighting, adding some 10,000 barrels a day (bbl/d) of crude production, a spokesman for state oil firm NOC said on Oct. 31.
The fields were closed in June when an armed group attacked the eastern ports of Es Sider and Ras Lanuf, forcing NOC to declare force majeure for several weeks, a contractual waiver to clients.
Engineers restarted the al-Bayda oil field late on Oct. 30, one of them told Reuters, sending pictures of jubilant workers busy at work. The field has a capacity of around 12,400 bbl/d, he said.
NOC also gave instructions to recommence operations at the Tibesti and Dor Marada fields located in the same south eastern area, the spokesman said.
Exports have since resumed from Es Sider and Ras Lanuf, but some oil port storages were hit during the heavy fighting, forcing the closure of the al-Bayda and other fields, the engineer said.
Libya is producing as much as 1.3 MMbbl/d, the NOC chairman said last week, the highest level since mid-2013 when a wave of protests and blockades by armed groups and staff began that has hampered output in the OPEC oil producer.
Recommended Reading
Liberty Energy CEO: NatGas is Here to Stay as Energy Transition Lags
2024-03-27 - The energy transition hasn’t really begun given record levels of global demand for oil, natural gas and coal, Liberty Energy Chairman and CEO Chris Wright said during the DUG GAS+ Conference and Expo.
Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says
2024-03-27 - Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.
Paisie: Dutch Vehicle Fleet Foreshadows Structural Shifts
2024-03-26 - The expanding role of battery electric vehicles will be supported by the development of associated supply chains, as indicated by Stratas Advisors' forecast of global EV battery production capacity.
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
2024-03-26 - U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Exclusive: Renewables Won't Promise Affordable Security without NatGas
2024-03-25 - Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a "nice foundation" for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview.