Gulf Oil and Gas accountACCOUNT

Wintershall's Libya Oil Output Sharply Lower at 10,000 bpd

Source: Reuters 8/28/2018, Location: Africa

Energy company Wintershall is producing less than 10,000 barrels of oil per day (bpd) in Libya compared with 60,000 bpd earlier this year, a senior executive said.

The oil and gas unit of chemicals giant BASF operates eight onshore fields in Libya, where the oil industry has been battered by years of conflict and political turmoil.

Wintershall’s C96 and 97 concessions lie 1,000 km (625 miles) southeast of the capital Tripoli.

“We produce when we can ... It is opportunistic depending on whether the (export) infrastructure is available,” Martin Bachmann, head of exploration and production for Europe and the Middle East, told Reuters. “It could change tomorrow.”

“We have been producing relatively constantly at the moment,” he said in an interview, saying the production level was now roughly below 10,000 bpd.

Wintershall, Germany’s biggest oil and gas producer, had produced at about 60,000 bpd in Libya earlier in 2018, he said, adding production was “difficult” given the security situation.

He also said the gas market in Europe looked stable ahead of the winter season but said it could tighten quickly with a cold snap, adding that the potential for such volatility was one indication of a balanced market.

Production News in Libya >>

Angola >>  12/10/2018 - Eni started production from the Vandumbu field in Block 15/06, approximately 350 km North West of Luanda and 130 km West of Soyo, through West Hub N’G...
Kuwait >>  12/10/2018 - Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the te...

United Kingdom >>  12/10/2018 - Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in Se...
Iran >>  12/6/2018 - Iran says it should be exempted from any oil production cut deal as long as it remains under “illegal” US sanctions. The announcement was made by Iran...

Norway >>  12/5/2018 - The Vigdis field has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million bar...
Russia >>  12/5/2018 - Today, an official ceremony was held at the Bovanenkovskoye field to celebrate the commissioning of the field’s third and final gas production facilit...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Libya Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.