NOC NEWS

The National Oil Corporation (NOC) of Libya has announced that output at the Abu Attifel field has increased. The operator of Abu Attifel, Mellitah Oil and Gas is in charge of enhancement and maintenance work at the field and has increased the condensate production by 2,000 bpd to 9,500 bpd. The company informed that depending on the work, a further increase at other wells too is expected.

JV of PetroCanada and Libya’s National Oil Corporation, Harouge Oil Operations recently elevated production at the Amal oilfield to 25,000 bpd. According to sources, this increase led to the slight overall oil production hike of Libya. From past few weeks the almost 1 million bpd of production was held up. After the attack in June, both Amal and As-Sarah oilfields storage tanks were damaged.

Mellitah Oil & Gas, which is a joint venture of oil majors Eni and NOC, has commenced production from the first well of the offshore Bahr Essalam Phase 2 project. Libya’s largest offshore producing gas field will have an increased production potential of 400 MMscfd, post-completion of Phase 2 of the project. Total field production from Bahr Essalam will reach to 1,100 MMscfd by October of this year.

Libya’s National Oil Corporation (NOC) enforced force majeure on loadings from Zueitina and Hariga ports yesterday, resulting in supply loss of 850,000 bpd. Oil prices climbed on the back of Libyan crisis with Brent crude oil futures trading at $77.87 per barrel, up 0.7%. WTI crude futures were 1% higher from their last close, at $74.71 a barrel.