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NOC officially announces the lifting of force majeure at El Sharara oilfield

The Address | Benghazi – Libya

TRIPOLI – The Tripoli-based National Oil Corporation (NOC) officially announced on Monday it had lifted force majeure at the El Sharara oilfield, the country’s biggest, which has been closed since December when state guards and tribesmen seized it.

NOC said on Monday that Sharara’s’ operating company Akakus had received written assurance from the Libyan National Army (LNA) that all individuals subject to Public Prosecutor arrest warrants have been removed from the field and will not be re-admitted to the site.

“Plans are also in place to repair the 20,000 barrels per day lost production capacity destroyed by looting and vandalism during the blockade,” NOC said in a statement.

The closure of the field caused a production loss of $1.8 billion (£1.3 billion), it said.

The reopening of the field came a month after LNA secured it from the grip of armed groups. LNA has taken of much of the south in past two weeks, expanding from its power base in the east.

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