LIBYA

MEES Agenda

 

Thin Exploration Returns Leave Libya Reliant On EOR-Fuelled Expansion

 

Tripoli has dusted off 2009-vintage plans to boost crude production to 2.2mn b/d (from 1.5mn b/d now and 1.6mn b/d pre-war) with a new target date of 2015 (MEES, 18 June). Such a hike would be reliant almost exclusively on enhanced oil recovery (EOR) at existing fields – an indictment of the past decade’s lack of exploration progress, despite the award of 54 exploration...