When you need to know
The Akakus Oil Company announced, on Friday, the restoration of an oil well that has been suspended in production since 1996 in the Sharara field in the southwest of the country, increasing the company's proven crude reserves.
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A source from Sharara oil field confirmed that operations and production in the largest oil field in the country had stopped, only one day after the field was reopened at the request of gunmen believed to be affiliated with the
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A source close to the Libyan National Oil Corporation (NOC) reported that Sharara oilfield had been reopened and production operations had already begun, exceeding 70,000 barrels in the first reopening hours.
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The National Oil Corporation (NOC) has declared force majeure on the Sharara oil field, which is the main supplier to the Zawiya refinery that feeds the local market with fuels.
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Akakus Oil Operations has brought under control an oil spill that leaked from a producing well at the Sharara field, the company said on Saturday.
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Akakus oil operations company said oil production at Sharara oilfield had reached 190.000 barrels per day (bpd), adding that operation work was ongoing for the third day in a row by Libyans since the resumption of oper
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The Akakus Oil Company has resumed development operations drilling at the Sharara field, following a seven-year hiatus.
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A source in the Sharara oil field said that the field engineers managed to increase production to 185,000 barrels per day (bpd) by the end of Sunday evening.
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