05 April 2017, London — Production at Libya’s Sharara oil field has risen back to 200,000 barrels per day (b/d), nearing the rate it was running at before a recent week-long shutdown, the National Oil Corporation (NOC) said in a statement on Tuesday.
The NOC said it hopes to increase output from Sharara to 270,00 b/d in the coming weeks, as part of efforts to boost national production to 1.1 million b/d by August.
Sharara had been producing 221,000 b/d before protesters shut a pipeline from the field late last month. National production stood at around 700,000 b/d.
Sharara is operated by a joint venture comprising the NOC, Repsol, Total, OMV and Statoil.
*Aidan Lewis; Editing by Greg Mahlich – Reuters