By Sami Zaptia.
Tripoli, 4 January 2014:
Akakus Oil Operations, the Libyan partner of . . .[restrict]Spanish oil giant Repsol, announced yesterday that it has resumed its exploration activity south of Obari, in southern Libya.
This follows announcements by both Total and BP of their intention to resume exploration activities in Libya.
On another note, Akakus said that production would not commence at its troubled Sharara filed until all protestors vacated its field.
Last week it had been announced that Defence Minister Al-Thinni had reached a settlement with protestors and that in a few days production would resume. However, from yesterday’s announcement by Akakus it is clear that some demonstrators are still physically present within the Sharara oil field, which Akakus considers as hindering operations.
The Sharara field, 60 kilometres west of Obari, has a capacity of 350,000 b/d and its oil is piped to the oil terminal at Zawia. [/restrict]
