January 3, 2019 / 8:10 AM / 18 days ago

UPDATE 1-Libya's closed Sharara oilfield losing 8,500 bpd to looting -NOC

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TRIPOLI, Jan 3 (Reuters) - Libya’s closed Sharara oilfield is expected to lose 8,500 barrels per day to looting, state oil company NOC said on Thursday.

NOC declared force majeure on Dec. 17 at Sharara, its biggest oilfield, after it was taken over on Dec. 8 by tribesmen, armed protesters and state guards demanding salary payments and development funds.

Three security breaches and looting have taken place at the 315,000 bpd field over two weeks, NOC said, reiterating its calls for the implementation of emergency security measures to allow Sharara to be reopened. The internationally recognised government and NOC agreed on a security plan last week to protect the Sharara field and NOC chairman Mustafa Sanalla warned on Thursday that attacks on the field could destroy the Sharara system and damage the economy.

“The legitimate and rightful concerns of the Southern Libyan communities are being hijacked and abused by armed gangs, who instead of protecting the field to generate wealth for all Libyans, are actually enabling its exploitation and looting,” Sanalla said.

OPEC member Libya had previously boosted output to up to 1.3 million bpd.

NOC runs the field with Spain’s Repsol, France’s Total, Austria’s OMV and Norway’s Equinor , formerly known as Statoil (Reporting by Ahmed Elumami Writing by Ahmed Eljechtimi Editing by David Goodman)

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