Libya’s Sharara oilfield resumes output at half capacity — engineer

The shutdown caused a loss of about 290,000 barrels per day. (File/AFP)
Updated 22 July 2019

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

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.


Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies

Updated 25 January 2020

Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies

DUBAI: Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday.
“Now with the exit of the other two companies from the contract, Petropars has completely taken their place and the development of the first unit of phase 11 of South Pars has been given to this company,” Bijan Zanganeh was quoted as saying by ICANA, the Iranian parliament’s news site.
The offshore field, which Iran calls South Pars and Qatar calls North Field, is shared between Iran and Qatar.