Repsol Energy announced that it will resume in the Al-Sharara oil field after Libya’s National Oil Corporation (NOC) has lifted force majeure from the field, which was shut down three weeks ago. Al-Sharara is operated by Akakus, a joint venture of the Libyan National Oil Corporation, in partnership with Repsol, TotalEnergies, OMV and Equinor. Repsol has highlighted its plans to restart exploration and production activities in Libya in April. Repsol began E&P activities in Libya in the 1960s. Oil production in block NC115 started in 1996, while the same for NC186 began in 2003.

Source: Libya Today January 25, 2024 18:17 UTC