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Libyas NOC to reduce 200,000 b/d of Waha Oil output
1/17/2021 12:00:00 AM

Output from Libya's Waha Oil will decline by 200,000 b/d as the company carries out maintenance across the pipeline linking the Samah and Dahra fields to the Es Sider crude oil terminal.

The maintenance works are scheduled to start today, for an estimated two weeks, according to state-controlled parent company NOC, which hopes to reduce that to a seven to 10-day period.

NOC attributed the current need to reduce production to weak funding, noting the frail state of its oil infrastructure. Repairs at NOC pipelines and tanks were obstructed throughout the January-October period of last year because of blockades at onshore eastern ports and western crude fields.

Waha Oil output can exceed 300,000 b/d and feeds into Libya's flagship Es Sider crude grade, whose exports were already set to decline by nearly 23pc on the month to 200,000 b/d in January, according to the latest preliminary loading programmes.

The subsidiary targets 44,000 b/d of increases this year through developmental drilling, well maintenance and the restart of closed-off wells.

The gradual September-October lifting of oil blockades allowed Libyan production to surge in the fourth quarter, with Argus estimating monthly average output at 1.24mn b/d in December.

Source: Argus