NOC: Libya's Wafa Oil And Gas Field Reopens, Force Majeure Lifted
TRIPOLI, April 12 (Reuters) - Libya's National Oil Corporation (NOC) has lifted force majeure on production from the Wafa field after an armed group reopened oil and gas pipelines leading to the Mellitah terminal, the company said in a statement on Wednesday.
Production of oil, gas and condensates had been interrupted at Wafa by a shutdown that started on March 26 near the town of Nalut. Wafa is operated by Mellitah Oil Co, a joint venture between NOC and Italy's ENI.
The reopening would allow Mellitah to restore production of about 450 million cubic feet of gas, 9,000 barrels per day (bpd) of oil, and 7,500 bpd of condensate, NOC said.
Earlier on Wednesday, an engineer at the Al-Rwais power plant that gets gas from Wafa said the gas pipeline had reopened, and a source at Nalut municipality told Reuters two pipelines had been reopened after local elders negotiated an accord with the armed group.
The NOC has also been pushing to end a stoppage at the major Sharara oil field that began on Sunday, just one week after a previous, week-long shutdown at Sharara had been lifted.
Sharara had been producing about 220,000 bpd, out of total national production of some 700,000 bpd.
The NOC faces another blockade at El Feel, a southwestern field, which pumps oil to Mellitah. A blockade there by the Fezzan branch of Libya's Petroleum Facilities Guard (PFG) that began on Dec. 20 has cost more than $460 million in lost revenue, according to the NOC.
"We are still exerting pressure to reopen it," NOC Chairman Mustafa Sanalla said on Wednesday.
Libya's national output remains well below the 1.6 million bpd it was producing before the country's 2011 uprising.
Along with Nigeria, Libya is exempted from recent production cuts agreed by the Organization of the Petroleum Exporting Countries, but the NOC faces complex political, financial and security challenges in its efforts to revive output.
(Reporting by Ahmed Elumami; writing by Aidan Lewis and Patrick Markey; editing by Susan Thomas)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- What Would War-End Mean for Global Oil and Gas?
- BP Boss Talks Energy Trilemma
- Fitch Solutions Reveals Latest Oil Price Forecast
- EU Playing Catch-Up To Secure Sustainable Energy
- US Microgrid Market Developing Rapidly With 10GW Capacity
- Algeria Hopes Energy Deal With Chevron Is Concluded This Year
- Attacks Highlight Continued Vulnerability of Ukraine Ports
- Denmark Awards First Three Offshore CO2 Storage Licenses
- Aker Solutions Signs Deal For Electrification Of Draugen Platform
- Oil Rises as Saudi Issues Price Hike to Asia
- New SPR Bill Passes House
- Shell CEO Says World 'Desperately In Need' Of Natural Gas
- Energy Services Sector Will Grow To $1 trillion In 2025
- Fate Of $8Bn Alaska Oil Project To Be Resolved In Next 30 Days
- Winter Storm Mara Update
- Gov't Tampering Puts Australian Gas Market In Unenviable Position
- What Would War-End Mean for Global Oil and Gas?
- OPEC+ Exports Show Russia Surges While Saudi Arabia Dials Back
- Fed Will Be One Of The Leading Oil Price Drivers in 2023
- Will A New Iran Nuclear Deal Be Agreed to in 2023?
- Valaris Employee Reported Missing from Rig
- Gasoline and Diesel Prices Expected to Fall
- New SPR Bill Passes House
- Is the USA Shale Boom Over?
- Higher Oil Prices Have Not Led to More Exploration
- Shell Finds Gas In Pensacola High-Impact Well Off UK
- Iran Oil Gushes Into Global Market
- Will Oil Hit $100 Per Barrel in 2023?
- What Bad Habits Should Oil and Gas Jobseekers Avoid?
- Eni, Chevron Make Significant Gas Discovery Off Egypt