Production of Sharara Oil Field is expected to hit 40,000 barrels of oil per day

oil and gas - October 12, 2020

Reuters has reported that the production of the Sharara Oil Field is set to reach 40,000 barrels per day as soon as the resumption of work begins, following the lifting of the force majeure.

The National Oil Corporation has given the green light for the field operator Akakus Oil Company to immediately begin production procedures.

It added in a statement that safety and security standards must be taken into account, stressing that the decision to lift the force majeure from the oil field had come subsequent to agreements reached, which obligates the Petroleum Facilities Guards to end all obstructions which the Sharara Oil Field has recently faced.

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