Libya
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The deal marks the biggest injection into Libya's flagging oil and gas industry in 2 decades, but not everyone in the ruling government is on board. -
French major plans to spend $2 billion on the Libyan field to raise production to 100,000 B/D, and add solar power to the national grid.
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Three workers have been killed during the decommissioning of an aging floating storage and offloading vessel off the coast of Libya, according to operator Mellitah Oil and Gas.
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The authors develop a representative geostatistically based 3D model that preserves geological elements and eliminates uncertainty of reservoir properties and volumetric estimates for a Libyan field.
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Total will invest $650 million in the development of two main projects, North Gialo and NC 98, resulting in a 180,000-B/D increase in production.
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Eni plans to buy a portion of BP’s interest in Libya’s Ghadames and Sirt Basins in an effort to relaunch exploration activity there next year.
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Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again.
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Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production.
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Libya halted loadings from its biggest oil field in the latest disruption to the nation’s crude production and shipments.
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Libya’s biggest oil field, Sharara, is “back to normal” after a disruption caused by protests in the politically fragmented country, the state National Oil Corp. (NOC) said.
