Petroleum Africa
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Thursday, January 25, 2018
Libya’s state-run firm NOC and the Office of Public Prosecutor put pressure on the municipality of Jikharra to reopen oil fields shut at the beginning of November. The unauthorized shut-down by operator Wintershall of the Sara fields on Block NC-96 resulted in the loss of 4,400,000 barrels of production and cost the Libyan economy $281,479,385, according to a statement on the NOC website.
The suspension of production by the company was done without the approval of the NOC as stipulated in the interim operating agreement between the parties.
“The restart is a humiliating setback for the parallel structure and for its campaign to shut down Libyan production in the Wahat region and beyond,” said NOC chairman Mustafa Sanalla. “The Public Prosecutor will continue to investigate this crime. The perpetrators and others considering using the tactic should remember this is a very serious offence for which there is no statute of limitations.”
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