Libya’s NOC confirms production restart at Faregh oilfield

Libya’s National Oil Corporation (NOC) has announced the resumption of production from the Faregh field located in the eastern Sirte Basin, which was closed for nearly one year.

The Waha Oil Company-operated field, which is situated about 70km south of the Amal Field, was shut down in January last year during the initial commissioning due to the closure of oil terminals.

Prior to finalising the commissioning process, the contractor was forced to leave the field due to the closures and weakening security conditions in the country.

Waha made negotiations with the company to resume re-commissioning process at the field upon lifting the force majeure in September 2020.

Following an inspection of all linear, instruments and treatment facilities, the field has reached a production capacity of 140 million standard cubic feet (MMscfpd).

NOC in a press statement said: “It is worth mentioning that 80 MMSCFPD will be used to supply gas feed to power plants at Sarir power station to help lifting the suffering of the citizens and reduce the operating expenses.”

Discovered in 1969, the Farigh Field produces crude oil, which is shipped to the Amal Field, where it is blended with the Amal crude. It is then exported to the Ras Lanuf Terminal.

Last year, NOC confirmed that the Sharara oilfield restarted production following its closure for more than four months.

The move followed negotiations by the company with militants to reopen the Hamada valve, which had been illegally closed in January last year.