Announcement for Lifting Force Majeure on Al Sharara Field

Source: www.gulfoilandgas.com 10/11/2020, Location: Africa

The National Oil Corporation (NOC) declares that it has reached an – honor agreement- under which the Petroleum Facilities Guards (PFGs) abides by ending the entire obstacles that face Al Sharara Field in a way that guarantees there will be no security breaches and in a way that enables the National Oil Corporation to lift the force majeure status and resume production in Al Sharara Oil Field.

Therefore, the National Oil Corporation hereby announces lifting the Force Majeure status as of Sunday 11 October 2020 and instructions have already been given to Akakus Oil Operations (AOO), the Operator, to start production arrangements subject to the standards of general security and safety precautions and the safety of the operations.

It is worth mentioning that the National Oil Corporation, under the patronage of the United Nations Mission in Libya, has discussed the issue of the security arrangements for oil fields and ports at Hurghada meetings this month which contributed positively to mitigating the obstacles and difficulties that face the stability of operations in Al Sharara Field and its affiliated sites.

As NOC highly commends the efforts exerted by all local and international parties, it undertakes to hold to the non-political professional principles in any arrangements related to the responsibilities and duties of its competence stressing that the disposition of petroleum revenues is an issue under the jurisdiction of the State’s executive authority.


Australia >>  7/4/2022 - Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on operations at...
United Kingdom >>  7/4/2022 - IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, has released an updated Investor Presentation incorporating ...

Kuwait >>  6/30/2022 - Dr. Muhammad Abdul Latif Al-Fares, His Excellency the Deputy Prime Minister, Minister of Oil, and Minister of State for Council Affairs, led the State...
Kuwait >>  6/30/2022 - Today, Thursday, the members of the (OPEC +) coalition decided to increase output by 648,000 barrels per day in August. Following the 30th ministerial...

Norway >>  6/30/2022 - The authorities have granted consent to start production from the Nova field in the North Sea. Nova will be developed with two seabed templates, one f...
United Kingdom >>  6/30/2022 - Serica Energy plc, announces that at the Annual General Meeting today, presentations will be made by both the Chairman, Tony Craven Walker, and the Ch...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.