Libya’s oil production volume revealed
Baku, Azerbaijan, Sept. 28
By Aygun Badalova – Trend:
Libya’s current oil production stands at 450,000 barrels per day (bpd), the chairman of Libya's National Oil Corp. (NOC) Mustafa Sanalla told the International Oil Daily (IOD).
Some 355,000 bpd is exported and 95,000 bpd is refined domestically across four plants, according to Sanalla.
According to the latest OPEC data, Libya produced 292,000 barrels oil per day in August compared to 313,000 barrels per day in May. In end 2015, the country produced 401,000 barrels per day.
In the middle of September Sanalla stated about soon resumption of oil exports from major ports. He said that exports would resume immediately from two of the ports, continue at a third and resume from a fourth "as soon as possible."
Since 2014, Libya has been split between rival governments and parliaments based in the western and eastern regions, each backed by different militias and tribes.
Overall NOC claims it has the ability to bring on stream 1.2 million bpd over the next 12 months, but only if the political and security situation in Libya improves significantly.
Sanalla said reservoirs at Libya's giant fields were withstanding the effects of intermittent shutdowns and restarts in recent years. However, he envisions some challenges once production resumes.
"We believe most of our reservoirs are intact, but we expect to have some difficulties with wells equipped with submersible pumps. We may require workover rigs to change pumps, and this will cause some delay in production resumption," he told IOD.