Press

Production Restarting In Libya After Fields Come Back Online

Posted by Kayrros

20-Jul-2018


Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to 180 kb/d. Output is set to further ramp-up in the immediate days as more Eastern fields are likely to restart, including the Wahah oilfield.

In the Murzuq basin, the dispute with local guards at the Elephant oil field was resolved early last week. The field shutdown back in mid-February was due to protests by local tribes and guards and has been a major source of lost production in the country. Production has now restarted for the first time since the protests began, and it is set to ramp up shortly, according to the Libyan National Oil Corporation (NOC). 

Following the resolution of the conflicts in Eastern Libya, major oil fields in the Sirte basin are also restarting. Production at the Abu Attifal oilfield is ramping up while the Dayfah oilfield recently restarted.

The NOC recently announced the lifting of force majeure at Es Sider, Ras Lanuf, Zuwetina and Hariga, where exports have been halted for the past two weeks. Storage facilities at Ras Lanuf remain limited, however, following the conflicts. Only four tanks are operational, greatly reducing the amount of storage capacity. 

Conflicts in the regions around Es Sider and Ras Lanuf caused the NOC to declare force majeure in mid-June. The fighting resulted in damage to four storage tanks at Ras Lanuf on June 20-21, severely impacting exports from the terminal.

LibyaNOCProductionRas LanufElephantElephant fieldLost barrelsEs Sider

More items from kayrros


Political Strife Causes Libyan Crude Oil Output to Fall

July was a hectic month for Libyan production, with political strife erasing the recent gains made in the oil sector. The aftermath of fighting at eastern Libyan ports and abductions at Sharara led to an exacerbated drop in production in July, which fell about 20% from Kayrros measurements in June. ...

Kayrros


Posted 3 days agoOpinion > LibyaOil and GasCrude oil

Iraq Set to Boost Oil Output after Bai Hassan Restart

Kayrros satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut down mid-October 2017 after the Kurdistan Regional Government (KRG) unilaterally voted for independence from Baghda ...

Kayrros


Posted 1 month agoOpinion > OilOil and GasCrude oil +6

EIA has Reported a Large Draw of Distillate Fuel Oil Demand Over the Last Two Weeks

The EIA reported a draw in distillate fuel oil demand for the second week in a row. While distillate fuel oil demand can be very volatile, the cumulative effect of the last two weeks brings it outside of its usual deviation range.   Finished motor gasoline demand is back within normal range thi ...

Kayrros


Posted 1 month agoOpinion > EIAOilOil and Gas +1

Clean Fuel Policy in India Raises Demand for LPG

After India announced its new clean fuel policy, the demand for kerosene dropped while the demand for Liquefied petroleum gas (LPG) increased The demand for kerosene in India has remained stable since it dropped two years ago after the announcement of a new government p ...

Kayrros


Posted 1 month agoOpinion > Petroleum Productsclean fuelOil India +3

Libyan Crude Oil Supply Disrupted After Port Attacks

Fighting at Libyan Ports damage storage facilities, halting exports and production from major fields in the Sirte Basin. Escalating conflicts since June 14  have forced NOC to declare force majeure at Ras Lanuf and Es Sider late last week. Damage to tanks 2 and 12 a ...

Kayrros


Posted 1 month agoPress
All posts from kayrros