Libya daily oil production exceeds 700,000 bbls

10/1/2013

Libya daily oil production exceeds 700,000 bbls

BY MAHER CHMAYTELLI

TRIPOLI (Bloomberg) -- Libya’s oil production exceeded 700,000 bpd, nearly 45 % of installed capacity, on higher output from the western region, said Oil Ministry Measurement Director Ibrahim Al Awami.

The Hamada oil field resumed operations this weekend, adding 8,000 bpd to the North African nation’s crude production, he said in a telephone interview.

Libya in August produced 575,000 bpd, the lowest level since the 2011 overthrow of Muammar Qaddafi. The country has the capacity to produce 1.55 MMbpd, according to data compiled by Bloomberg.

The Hamada field is sending crude to the Zawiya export terminal, in western Libya, said Awami. The field is operated by the Arabian Gulf Oil Co. that is also producing 23,000 bpd from fields in the eastern region, including Sarir, one of Libya’s largest, and Messla. Agoco has the capacity to produce 425,000 bpd, its spokesman Abdeljalil Mayuf said in February.

“Current production from Sarir and Messla keeps some oil flowing in the pipelines, averting a complete shutdown,” said Awami. Their production is supplying the 20,000 bpd refinery in the eastern city of Tobruk, he said.

Libya’s main producing fields now are El Feel, Sharara, Wafa, Brega, Al Jurf and Bouri, he said.

10/01/2013

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