LIBYA - Part 2 - Profiles Of The E&P Operators And The Oil & Gas Fields:.Libya's oil production capacity will rise to more than 2.5m b/d before 2010, compared to 1.926m b/d now. A further increase before 2010 is possible as the US oil companies have returned to the country after the lifting of American sanctions. Libya's OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its quota from July 1, 2005, has been 1.5m b/d; but all OPEC members have been producing at capacity in view of a world shortage of refineries and other facilities. In 1989 US experts claimed that Libya's sustainable oil production capacity was less than 1.2m b/d, compared to 3.3m b/d in 1970. To test its fields and refute re·fute tr.v. re·fut·ed, re·fut·ing, re·futes 1. To prove to be false or erroneous; overthrow by argument or proof: refute testimony. 2. such claims, the state-owned National Oil Corp. (NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ) raised total output to 1.65m b/d during the first quarter of 1990. NOC then said the capacity was 2m b/d. But anything produced above 1.56m b/d was mere surge capacity which can only be sustained for weeks, rather than months. UN and US sanctions have had negative effects on Libya's oilfields, most of which have always required improved oil recovery (IOR IOR Indian Ocean Region IOR Improved Oil Recovery IOR Interoperable Object Reference IOR Istituto Ortopedico Rizzoli (Rizzoli Orthopaedic Institute, Italy) IoR Institute of Refrigeration (UK) ) and/or enhanced recovery (EOR EOR - exclusive or ) systems. A limited UN embargo was suspended in April 1999. The US sanctions were lifted in 2004. NOC has been in a hurry to see US firms back in fields they had to abandon in the 1980s. In 2005 Occidental oc·ci·den·tal or Oc·ci·den·tal adj. Of or relating to the countries of the Occident or their peoples or cultures; western. n. A native or inhabitant of an Occidental country; a westerner. Noun 1. (Oxy) returned to Zueitina Oil Co. (ZOC ZOC Zone of Control (wargaming) ZOC Zap-O-Comm (Telnet client) ZOC Zionist Organization of Canada ) as NOC minority partner, and a JV of ConocoPhillips, Marathon and Amerada Hess returned to Waha Oil Co. (WOC WOC World of Concrete (industry event) WOC Women of Color WOC Wound, Ostomy and Continence WOC World Orienteering Championships WOC Wizards of the Coast (Hasbro subsidiary) ) as NOC's minority partner. Agip of Italy, one of Libya's biggest foreign oil producers, has seen its capacity in old fields fall from 320,000 b/d in 1992 to 180,000 b/d as it has not been able to import adequate EOR equipment for the Bu Attifel field (see Gas Market Trends in gmt2LibFieldsJul9-07).
LIBYA'S OIL PRODUCERS & PLANNED CAPACITIES
(in '000 b/d)
1992 Mid-07 Mid-07 2008/10
The Operator Capacity Output Capacity Capacity
Agoco (NOC) 450 380 380 450
Waha Oil Co.(NOC-US JV) 400 330 360 450
Zueitina Oil Co.(NOC-Oxy) 150 80 100 150
Sirte Oil Co. (NOC) 100 80 80 120
Total NOC 1,100 870 920 1,170
Repsol 00 352 352 570
Agip 320 180 180 250
Agip (Lasmo) 00 150 150 200
Petro-Canada (ex-Veba) 85 115 115 125
Wintershall 15 112 112 110
Total 00 55 75 110
OMV 40 22 22 25
Total Foreign 460 986 1,006 1,390
Total Libya 1,560 1,856 1,926 2,560
Source: APS Energy Group, Nicosia. |
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