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Libyan crude output rises to 830,000 b/d
11/2/2020 12:00:00 AM

Libyan crude production has climbed to 830,000 b/d following resumption of operations at the Es Sider and Ras Lanuf ports and at the El Feel field, according to a source in the country.

This is ahead of state-owned NOC's forecast that output would hit around 800,000 b/d within two weeks of the 23 October lifting of force majeure restrictions from the Es Sider and Ras Lanuf terminals. These were the final two ports to resume operations after intermittent blockades, by forces allied with the Libyan National Army (LNA), since January.
NOC has instructed its subsidiaries, Harouge Oil and Waha Oil, to resume operations at their fields that feed crude for export from Ras Lanuf and Es Sider, respectively. Shipping and company sources said that the latter has been slow to resume activity, because it requires storage to be available at Es Sider. That port last week completed maintenance at two Es Sider tanks, and a third is under construction.
Much of NOC's production increase has come from the 300,000 b/d El Sharara field, which came online on 26 October. Spain's Repsol — lead operator of the Akakus Oil joint venture that runs El Sharara — said production there was 160,000 b/d as of 29 October. Libyan sources now peg this closer to 170,000 b/d.
The neighbouring El Feel field, which depends on El Sharara for electricity, also exited force majeure on 26 October, and Libyan shipping sources estimate output there at 50,000-70,000 b/d. El Feel has production capacity of 130,000 b/d, but it typically produces around 70,000-90,000 b/d. This supply is commingled with Wafa condensate to create the Mellitah crude blend, and the first shipment of this is scheduled for 3-5 November on behalf of BP. At least two other cargoes are preliminarily scheduled for export this month, ranging between 600,000 bl and 1mn bl.
Es Sider has restarted exporting crude. The Nissos Serifos departed on 30 October with a cargo of around 600,000 bl. Ras Lanuf should load a first, 600,000 bl, cargo of crude for export around 4-5 November.
Source: Argus
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