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Monday, November 25, 2013
German firm Wintershall has been forced to halt its Libyan onshore oil production as exports remain disrupted by protestors. The company said it halted production several weeks ago due to the blockade of export facilities on the Libyan coast.
The government in the North African country is struggling to cope with protesters, and negotiations have been slow going, although the country did see exports resume at its Mellitah port.
“It is currently unclear when the blockade of export terminals will be lifted and how quickly production in the Libyan desert can resume,” Wintershall was quoted as saying in a Reuters report.
The company was one of the first firms to restart production onshore the country following the civil war to oust Muammar Qaddafi. Its facilities on concessions 96 and 97, unlike some other firms, saw no damage during the war which allowed for a quick restart. It did however not realize pre-civil war levels due to maintenance being hindered by the readiness of service firms to send their employees into the country.
While Wintershall’s onshore production may have been shut in, its offshore production is still flowing.
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