Bloomberg News

Libya’s Sharara Field Reaches Output of 300,000 Barrels/Day

February 13, 2012

(Adds capacity, location in second, third paragraphs.)

Feb. 13 (Bloomberg) -- Libya’s Sharara oilfield has reached a production level of 300,000 barrels a day, state-owned National Oil Corp. said on its website.

Sharara, which has a maximum production capacity of 340,000 barrels a day, is operated by Repsol YPF SA’s joint venture Akakus Oil Operations. The field is located in the Murzuq basin in southwestern Libya, about 730 kilometers (450 miles) south of Tripoli, the capital, according to NOC.

Libya, holder of Africa’s biggest crude reserves, is seeking to raise output and exports, which were disrupted last year by the armed rebellion against Muammar Qaddafi’s regime.

--Editor: John Buckley

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus