Libya’s NOC Oil Production Drops to 123,537 bbl/d
The Libya’s National Oil Corporation (NOC) announced the drop of oil production to 123,537 barrel per day (bbl/d), as of February 18, with losses exceeding $1.7 billion.
The Libya’s National Oil Corporation (NOC) announced the drop of oil production to 123,537 barrel per day (bbl/d), as of February 18, with losses exceeding $1.7 billion.
Libya’s oil production continues to fall amid tensions in the area.
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister.
Genel Energy, the Iraq-Kurdistan focused energy producer, has succeeded in boosting its production rates in 2019 despite the decline in its revenues because of payment delays from the Kurdistan Regional Government ...
Kuwait and Saudi Arabia agree to resolve the conflict over the Neutral Zone.
Khaled Al Fadhel, Kuwait’s Minster of Oil, expressed his hopes to resolve the Kuwait-Saudi Arabia Neutral Zone issue by the end of 2019.
Rockhopper Exploration plc is currently producing 340 barrels per day (b/d) of oil from its existing ASH-1ST2 well at Abu Sennan concession.
The Libyan National Army (LNA) announced on Wednesday that it had restored Libya's 70,000-barrel-per-day (b/d) El Feel oil field from armed groups of the Government of National Accord (GNA).
Dana Gas’s average production during the first nine months of 2019 increased by 8% to 67,100 barrels of oil equivalent per day (boe/d), driven mainly by a 23% increase in production in the Kurdistan Region of Iraq ...
Libya is generating 1.25 million barrels per day (b/d) of oil and plans to increase production to 1.5 million b/d in 2020, the head of the state National Oil Corporation (NOC), Mustafa Sanalla, said.