BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Libya's 90,000 b/d Elephant oil field shuts down due to protests

Electricity | Natural Gas (European) | Crude Oil | Naphtha | Metals

Market Movers Europe, Jun 24–28: Commodities focus on Middle East tensions, OPEC meeting

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

Commodities | Natural Gas | Oil | Refined Products

Brazil Oil and Gas Conference

Oil | Refined Products

Descenso interanual de la producción de las refinerías de Brasil en mayo

Libya's 90,000 b/d Elephant oil field shuts down due to protests

London β€” Libya's 90,000 b/d Elephant oil field has been shut since early Fridaydue to protests by local tribes and guards, sources said Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

State-owned National Oil Corporation had been holding emergency talksthis week with Tubu tribesmen -- who were demanding more regular fuelsupplies to their region -- to prevent the field's closure.

But the situation worsened and the field was shut Friday morning as theguards protecting the field walked out after a dispute over payments.

Sources said production at the field was around 72,000 b/d on Thursdaymorning.

A spokesman at the NOC was unavailable for comment.

There was an evacuation of nonessential staff Thursday at the keysouthwestern field, but production was unaffected, a source close to theNOC said.

The Elephant field, also known as El-Feel, is operated by Mellitah Oiland Gas, a joint venture of NOC and Italy's Eni.

Crude from El-Feel and Sharara is pumped in to the 120,000 b/d Zawiyarefinery and export terminal. Although the Elephant field had been ableto produce around 90,000 b/d before Libya's revolution in 2011, outputhas been volatile the last few years due to protests and deterioratingsecurity in the southern region.

The Tubu are an ethnic minority in Libya, hailing from the south of thecountry and its southern neighbors, and have long complained of beingeconomically and politically marginalized, both under the Gadhafi regimeand post-revolution governments.

Libya produced around 980,000 b/d in January, according to the latest S&PGlobal Platts survey of OPEC producers. That is well below the 1.6million b/d it produced before Gadhafi's overthrow in 2011.

Production has since fluctuated due to disruptions from frequent protestsand security threats, as well as a lack of finance. --Eklavya Gupte with Staff Reports, eklavya.gupte@spglobal.com

--Edited by Jason Lindquist, newsdesk@spglobal.com