Repsol to restart El-Sharara oilfield in Libya

12 October 2011

 Production at 200,000 b/d Libyan oilfield imminent

Spain’s Repsol will restart production at the 200,000 barrel-a-day (b/d) El-Sharara oil field within days, Libya’s interim Oil and Finance Minister Ali Tarhouni said on 10 October.

Tarhouni also told the Reuters newswire that production will reach about 1 million b/d within a year, coming to a standstill during the civil war that broke out in February. Prior to the conflict, Libya produced 1.6 million b/d.

“Within less than a year we will be up to 1 million barrels. I am very confident of that,” said Tarhouni.

Production currently stands at 400,000 the minister added.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications