Petroleum Africa
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Tuesday, November 5, 2013
Marathon Oil Corp., in its Q3 report, revealed that during the period it only saw three oil liftings out of Libya. All three liftings took place during July; none during August or September due to labor strikes at the Es Sider oil terminal.
During Q3 its net sales in Libya averaged 21,000 boepd (16,000 bpd of oil and 30 Mmcf/d of natural gas), compared to net sales of 49,000 boepd (45,000 bpd of oil and 24 Mmcf/d of natural gas) for the previous quarter.
The company left its Libyan production out of its forecasts due to the uncertainty about sustaining production levels. Marathon said that oil liftings have not resumed to date and the oil terminal remains closed.
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