BENGHAZI: Libya’s Sharara oilfield resumed production at half capacity on Monday after being shut down since Friday due to a valve closure, a field engineer said.
The valve was reopened on Sunday evening enabling oil to be pumped again to a refinery at the port of Zawiya, 49 km west of Tripoli, Libya’s National Oil Corp. said in a statement.
NOC declared on Saturday force majeure on Sharara crude shipments at the same port.
“We are working on lifting force majeure,” a Libyan oil source told Reuters while also confirming output resumption at the field.
The shutdown caused a loss of about 290,000 barrels per day (bpd) of production worth an estimated $19 million, NOC said.
Libya’s overall oil production before the Sharara outage stood at 1.2-1.3 million bpd, NOC chief Mustafa Sanalla said earlier this month.
NOC operates Sharara in partnership with Spain’s Repsol, France’s Total, Austria’s OMV and Norway’s Equinor.
Libya’s Sharara oilfield resumes output at half capacity — engineer
Libya’s Sharara oilfield resumes output at half capacity — engineer
- The oil company faced a crude shipments force majeure on Saturday
- The shutdown caused a loss of nearly $19 million
