Libya's Sharara field output at 160,000 bpd, says Repsol CEO

Expects volumes to ramp up gradually to 300,000 bpd

  

Production at Libya's Sharara oilfield currently stands at about 160,000 barrels per day (bpd), Repsol's chief executive said on Thursday, adding that he expects volumes to ramp up gradually to 300,000 bpd.

Libya's National Oil Company runs Sharara in a joint venture with Spain's Repsol, France's Total, Austria's OMV and Norway's Equinor. The NOC lifted force majeure on the field on Oct. 11.

(Reporting by Shadia Nasralla Editing by David Goodman ) ((Shadia.Nasralla@thomsonreuters.com; +44 207 542 5083; +44 778 99 43141; Reuters Messaging: Reuters Messaging: shadia.nasralla.reuters.com@reuters.net))

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