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Libyan Newswire

Shara oil field produces 58,000 b few hours following its operationalization after two-year stoppage.

Shara oil field produces 58,000 b few hours following its operationalization after two-year stoppage.Thursday , 22-12-2016 – 15:34:00

Tripoli, 22.12.2016(Lana) National Oil Corporation has announced that Sharara oil production reached 58,000 barrels following few hours of its reoperationalization and ending its two-year stoppage. In statement on its website Thursday, NOC said; ‘NOCِ has given its instructions to the operating company to start production from the fields and conduct necessary tests and launch maintenance work’. NOC is trying to increase production from Sharara and the Elephant oil fields estimated at 175,000 barrels within a month to reach 270,000 bpd within three months. Sharara oil field is located in Murzq basin, south west Libya and was discovered in 1980 and it is operated by the Spanish Rippsol oil company. =Lana=

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