Tag Archives: Africa

The oilfield deep in Libya’s south has been closed since December.

The tender was the largest in its history Exxon participated in an exploration project in Egypt.

Total also planning to expand its Nigerian LNG project this year.

Libya’s oil production and exports have been severely disrupted since early December.

Sixteen companies. including five majors. have submitted 60 applications for the five acreages on offer in Ghana’s first licencing round.

Iran. Libya and Venezuela are exempted from the cuts.

Oil production from Libya’s biggest oilfield will only restart after ``alternative security arrangements are put in place``.

Libya recently brought oil output to up to 1.3 million bpd. the highest level since 2013.

Fezzan is the historic name of the southern region of Libya where El Sharara oilfield is located.

Libya has been given a pass due to its chronic production outages.