NOC: Halting Sharara Oilfield Would Be 'Catastrophic'

Monday, December 10, 2018

Libya's National Oil Corp (NOC) warned on Sunday of "catastrophic consequences" if the El Sharara oilfield is brought to a complete halt by a protest by tribesmen.

The state oil company said it would take a long time to bring back the field onstream because of the damage resulting from the "sabotage and theft."

The company said the storage tanks at the field will be completely full in the next hours, forcing the field to shutdown as it cannot pump the crude out to the processing facilities.

The production of the El Feel oilfield will also stop because El Sharara supplies it with power, it said in a statement.

NOC described the protesters as criminals because they stopped the pumps from functioning.


(Reporting by Maher Chmaytelli Editing by Matthew Mpoke Bigg)

Categories: Middle East

Related Stories

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

US-Israel War on Iran Creates Biggest Energy Crisis in History

MidEast Energy Output Recovery to Take Two Years, IEA Says

Japan to Launch $10B Fund to Help Asia Secure Oil

Philippines Seeks US Extension to Buy Russian Oil

Borr Drilling Expects Higher Activity as Rigs Return to Work

Hormuz Crisis Signals New Era of Risk for Gulf Energy

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Current News

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Energean Cuts 2026 Output Forecast After Israel Shutdown

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Velesto Secures Malaysia Drilling Deal with Hibiscus

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Global Businesses Face Mounting $25 Billion Fallout From Iran War

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com