Libya’s NOC on 10 October announced that the country’s crude and condensate output had hit 1.217mn b/d. This implies around 1.17mn b/d for crude alone, within 70,000 b/d of the 11-year monthly high of 1.24mn b/d produced in July on the back of near-record drilling activity (MEES, 2 August).
Of course that July peak was followed by the shut-in of 260,000 b/d output at the Sharara field in Libya’s far southwest from 3 August and then much wider shut-ins from 26 August (MEES, 30 August) which caused output to crash to just 500,000 b/d a month later. (CONTINUED - 817 WORDS)
