Petroleum Africa
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Tuesday, December 31, 2013
While North African producing powerhouse Libya’s capacity is nowhere near its heyday volumes, which would mean pre-civil war volumes, it has seen a small increase in the past month. According to an oil ministry statement carried by the country’s state news agency LANA, production is now at 250,000 bpd, up just over 25,000 bpd from numbers reported at the end of November.
Libya’s gas output was at 1.928 Mmcf/d as of December 25, the oil ministry said. Previous totals on gas production were not stated.
Helping Libya keep up some semblance of production is ENI. The company reported in mid-December that its production in Libya was currently running at 242,000 boepd. Prior to the civil war the Italian firm was responsible for 272,000 bpd of oil alone. Chief Executive Paolo Scaroni at a meeting said the company’s latest numbers had not been seen for many months.
Scaroni also told reporters that the Wafa field had restarted and that the Mellitah complex was working well. “We are still stopped in the east of the country but that’s only a small thing for us.”
During the civil war to oust Qaddafi the country’s production numbers dropped to almost nil, however; despite the pessimism in regards to bringing its production numbers back up quickly, the industry was able to reach almost pre-civil war levels before protests and blockades brought these totals tumbling back down.
A whole host of different groups; militias, tribesmen and political minorities alike have been demanding a greater share of Libya’s oil wealth and more political power, this has led to the shut in of a substantial amount of oilfields and ports, cutting oil output from the 1.4 million bpd in July. The seizures have also cut Libya’s oil exports to 110,000 bpd from more than one million in July.
The government has shown some optimism in settling the issues that have caused the shut ins and are expected to reach an agreement with protesters occupying major oil export terminals for months.
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