LIBYA: Production Stoppage at El-Sharara, El-Feel, Al-Wafa and Hamada fields Halts 300,000bpd

The National Oil Corporation (NOC) has announced the shutting down the crude pumping from the Sharara, El Feel, Al Wafa and Hamada fields which it terms “a new chapter in the series of closures that occur whenever oil prices improve.”
Chairman of the NOC’s Board of Directors Mustafa Sanalla the disruption had caused suffering to citizens warning Libya could not afford to politicize the livelihood of the Libyans for regional purposes or to achieve gains and interests of Individuals and the country will not allow them to play a role in the national oil sector.”
The implementation of our commitments to refiners in the oil market has become impossible, and accordingly, we are obliged to declare (the state of force majeure),” Sanalla said.
NOC says the force majeure would have consequences including sales losses with Libya incurring direct and indirect costs. The state corporation adds the loss of quantities of gas from the Al-Wafa field in its reservoir and its migration to neighboring countries that have reservoir contact would be impossible to recover. Others affected include the Al-Zawiya refinery which will be forced to stop leaving the western region to the bottom of the mountain which it feeds without fuel.
General Electricity Company has already warned of power outages as a result of disruption in the gas supply to the power plants with 2500 megawatts  lost. It adds that the affected stations are Al-Ruwais, Al-Zawiya, Al-Khums and part of the Misurata station making it difficult for the company to provide energy.”
Sanalla adds that reviving the sector from among the rubble and restoring its activity and vital role remains a priority of the national oil company and will ensure all that have contributed to the closure face the law.

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