Tanks at Zawia are being emptied to prepare for potential output resumptions at the 130,000 b/d-capacity El Feel and the 300,000 b/d-capacity El Sharara fields. Libya’s state-owned NOC is selling Wafa condensate from storage at the Zawia export terminal “to free up space ahead of a possible production restart at two crude fields”.
El Feel has been shut in since late January, when the neighbouring El Sharara that supplies it with electricity closed because of sabotage on valves along the pipeline that links it with Zawia. But now talks are underway regarding a restart, although their success is uncertain because of the conflict between the Libyan National Army (LNA) and the UN-backed Government of National Accord (GNA).
Most fields and facilities in eastern Libya stopped production in January, under the instructions of the LNA. NOC today estimated revenue losses from the blockades at $4.943bn and said that the interruptions have led to damage to surface facilities, to crude transport line corrosion and to more than 800 leaks.
Throughout the shutdowns, Libya has continued to export Wafa condensate and crude from the offshore Al Jurf and Bouri fields.
For more information visit www.opec.org