Waha Oil Company, a subsidiary of the Libya’s National Oil Corporation (NOC) will restart the second development phase of its main El Farag gas field, according to S&P Global Platts.
Libya’s El Farag gas field is currently producing 15,000 barrels per day (bbl/d) of condensate and 70 million cubic feet per day (mmcf/d) of gas.
The project is believed to be significant as Nouri Al-Seid, Waha Oil Company’s Chairman said “this is a vital, important, and strategic project that will support the electric power plants, and despite the scarcity of spare parts due to poor funding and the country’s conditions, we will work to operate the second phase soon.”
Al-Seid also said that El Farag will be able to produce 180 mmcf/d, and 15,000 bbl/d of condensate after the completion of the second phase which will enhance the reconstruction of Libya’s power facilities.
The natural gas extracted from the field is sent via pipeline to the Sarir Electricity Production Station, while the condensate is piped to the Gialo oil field where it is blended into Es Sider crude.
The company operates a cluster of oil fields in the Eastern Sirte Basin, making up about a third of Libyan crude oil production, with a capacity to pump around 350,000 bbl/d.
It is worth noting that the company restarted first phase of the El Farag gas field in November after an eight-month hiatus. The second phase of restarting will resume in April, 7, 2021.