The El Sharara oilfield in Libya has resumed activity following the success of talks with local stakeholders. Libyan National Oil Corporation Chairman Farhat Bengdara with the support of the Libyan National Army led these conversations, which concluded with an agreement that allowed production to resume.

Libyan National Army regular troops are stationed at the El Sharara facilities to guarantee the security at the installations and workforce. These troops have been essential in the stabilization of conditions on the ground in producing fields in Libya and a return to normal working conditions.

The field is ramping up to an expected 260,000 barrels of oil per day (bopd) of output in coming days. El Sharara is operated by Akakus, a joint venture of the Libyan National Oil Corporation in partnership with Repsol, TotalEnergies, OMV and Equinor.

Additionally, Repsol plans to resume exploratory activity in Libya in April with up to six exploration wells in its NC115 and NC186 licenses in the Murzuq basin, in the south-west of the country, scheduled to be drilled this year.

Repsol’s first exploration and production activities in Libya date back to the late 1960s. Oil production from the north African country is crucial to European security of supply.

About Repsol

Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around 24 million customers.

To achieve zero net emissions by 2050, Repsol is deploying an integrated model of decarbonization technologies based on enhanced efficiency, increased renewable power generation capacity, production of low-carbon fuels, development of new customer solutions, the circular economy, and by driving breakthrough projects to reduce the industry’s carbon footprint.

About the National Oil Corporation

The National Oil Corporation (NOC) owns refining, and oil and gas processing companies, operating refineriessuch as Zawia and Ras Lanuf refineries, ammonia, urea and methanol plants, the Ras Lanuf petrochemical complex and the gas processing plan. To establish petrochemical industries, anther stage of development of the ethylene plant has been completed , as well as the low and high density linear polyethylene plants.

NOC also owns national service companies which carry out oil well drilling and work over operations, provide all drilling material and equipment, lay and maintain oil and gas pipelines, build and maintain oil and gas storage tanks and carry out related technical and economic studies . They also provide the sector with other services , such as catering, procurement of materials and equipment, training and employment of foreign employees.About the National Oil Corporation

The National Oil Corporation (NOC) owns refining, and oil and gas processing companies, operating refineriessuch as Zawia and Ras Lanuf refineries, ammonia, urea and methanol plants, the Ras Lanuf petrochemical complex and the gas processing plan. To establish petrochemical industries, anther stage of development of the ethylene plant has been completed , as well as the low and high density linear polyethylene plants.

NOC also owns national service companies which carry out oil well drilling and work over operations, provide all drilling material and equipment, lay and maintain oil and gas pipelines, build and maintain oil and gas storage tanks and carry out related technical and economic studies . They also provide the sector with other services , such as catering, procurement of materials and equipment, training and employment of foreign employees.