Tag nigeria and libya oil fields restart

Here are some updates on the restart of oil fields in Nigeria and Libya:

Nigeria:

  1. Qua Iboe Field: Shell Petroleum Development Company (SPDC) has announced the restart of production at the Qua Iboe Field, which is one of Nigeria's largest oil fields. The field, located in Akwa Ibom State, was shut down in June 2020 due to a leak in a pipeline. Production is expected to reach 250,000 barrels per day (bpd) by the end of 2022.
  2. Bonga Field: TotalEnergies has also restarted production at the Bonga Field, located in the Niger Delta. The field, which was shut down in 2020 due to a leak, is expected to produce around 200,000 bpd.
  3. Other fields: Other Nigerian oil fields, including the Egina Field and the Agbami Field, have also restarted production after maintenance and repairs.

Libya:

  1. El Feel Field: The National Oil Corporation (NOC) has announced the restart of production at the El Feel Field, which is one of Libya's largest oil fields. The field, located in the Murzuq Basin, was shut down in 2020 due to a dispute between the NOC and the Libyan government. Production is expected to reach 120,000 bpd by the end of 2022.
  2. El Sharara Field: The NOC has also restarted production at the El Sharara Field, which is another major oil field in Libya. The field, located in the Murzuq Basin, was shut down in 2018 due to a dispute between the NOC and the Libyan government. Production is expected to reach 70,000 bpd by the end of 2022.
  3. Other fields: Other Libyan oil fields, including the Waha Field and the Mabruk Field, have also restarted production after maintenance and repairs.

These restarts are expected to increase oil production in both Nigeria and Libya, which are two of Africa's largest oil producers. However, the restarts may also lead to increased competition for market share and potentially impact global oil prices.