Tripoli: Repsol Oil Company said that the production of the Sharara oil field is expected to reach 260,000 barrels of oil per day in the coming days, following the restart of the field by Akakus Company within a joint project between the Libyan National Oil Corporation (NOC) in partnership with the Spanish company Repsol.
An official source from Repsol told the Libyan News Agency that the company plans to resume its exploration activity in Libya next April in six exploratory wells in licenses NC115 and NC186 in the Murzuq Basin, southwest of Libya, which are scheduled to be drilled this year.
The source denied what was reported by foreign media regarding the closure of Sharara Field, noting that the restart of the field came after talks between the NOC and the protesters that led to the resumption of production in the field.
It is noteworthy that Repsol’s first exploration and production activities in Libya date back to the late 1960s.
The NOC reported that production had resumed at the Sharara oil field
after protesters ended a sit-in that halted production.
The Sharara field is one of the largest fields producing crude oil in Libya.
Source: Libyan News Agency
