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Wintershall Dea CEO sees risks to stable production in Libya

The Address | Benghazi – Libya

ST. PETERSBURG –  Any worsening of the political situation in Libya carries risks for sustaining Wintershall Dea’s current production in the country, Wintershall Dea CEO Mario Mehren said in an interview with Russian news agency TASS on the sidelines of the 2019 St. Petersburg International Economic Forum (SPIEF-2019).

“We have offshore production that has the advantage of being offshore so it is not exposed to certain risks and it continues manufacturing, but the main production in Libya for both us and the country is on-shore [production] and currently we are turning out slightly above 50,000 barrels there, but it is not easy. It is a day-to-day struggle and we do not know how long we can keep that production up under the given the circumstances,” he said.

Wintershall Dea is working at two oil concessions in Libya. According to Reuters, during periods of aggravated military conflicts, the company’s production fell below 10,000 barrels per day.

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