Crude output at the Sharara fields in far southwestern Libya is on course for a five-year high for Q1. All four of the daily production figures reported by NOC so far this year have been above 300,000 b/d, a level last topped on a quarterly basis in 2019, the highest being 309,510 b/d on 28 January (see chart).
Repsol ‘Optimistic’ As Libya’s Sharara Output Hits Five-Year High
Output from Libya’s key Sharara concessions has topped 300,000 b/d for the first time since 2019. And with operator Repsol stepping up both development and exploration drilling, the firm is ‘optimistic’ of further gains for 2025.
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Libya’s Sharara Concession: Average Output Slumped To 200,000 b/d For 2024 On The Back Of Lengthy Outages But New Drilling Continued Apace. Repsol Says Capacity Leapt By 37,000 b/d Over The Course Of 2024. (‘000 b/d)
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