Petroleum Africa
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Sunday, July 15, 2018
Libya’s production flows are seeing an uptick following the restart of production at Abu Attifel oil field. The field was shut in due to a two-week halt closure of oil ports. The ports were recently reopened when NOC lifted the force majeure on four ports.
“Production and export operations will return to normal levels within the next few hours,” the NOC said in a statement, lifting the 10-day force majeure on the ports of Ras Lanuf, Es Sider, Hariga, and Zuetina, which had crippled Libyan production and had oil market participants worried that another major supply disruption would push oil prices up.
Production resumption at Abu Attifel will be gradual, a Libyan oil source and an engineer told Reuters. The most recent production at the oil field had been 50,000 bpd-60,000 bpd, compared to its 70,000-bpd capacity.
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