Some Of Libya's Oil Fields May Resume Production

Libya's National Oil Company said in a statement on Monday that some of its oil fields and oil export ports are no longer affected by "force majeure". Engineers at Libya's largest oil field, Shalala, said later that workers at the field had resumed work.

Libya's national Oil Company said in a statement on Facebook on Monday that some oil fields and oil export ports were "safe", but that "force majeure" still existed at oil facilities controlled by armed men.

Force majeure refers to unforeseeable, unavoidable and insurmountable objective conditions.

Since January, dozens of oil fields and oil export terminals have been seized by armed militias known as the National Army and its Allies in eastern Libya, forcing subsidiaries of the national Oil Company to suspend oil exports. Libya's central bank says stalled oil exports cost the country about $9 billion.

Engineers at the Shalala oil field began returning to work On Monday after the Libyan national Oil Company issued a statement, the engineer told Reuters.

The Shalala field, about 900 kilometers south of Tripoli, produces about a third of Libya's crude exports and is operated jointly by Libya's National Oil Company, Spain's Repsol, France's Total, Austria's National Oil Company and Norway's Statoil. The oil field has been repeatedly attacked by armed men, frequently disrupting production.

It is not clear when production from the Shalala field will resume.

The Arabian Gulf Oil Company, a subsidiary of Libya's national oil Company, says it has asked workers to return to work and is ready to resume oil production at its fields as soon as possible. The Arabian Gulf oil Company pumped about 300, 000 barrels a day early last year.

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