In 2016, our presence in Libya was focused on our Upstream business.
Net surface area
of mineral rights
Net proved reserves
million barrels of oil
equivalent per day
As of December 31st, 2016, we owned mineral rights to four blocks in Libya. Two are exploration blocks and have a net surface area of 3,132 km2. The other two production/development blocks have a net area of 1,566 km2.
Net proved oil reserves at 2016 year-end were estimated to be 97.5 Mbbl.
- Production in Libya continued to be suspended throughout 2016 until restarting in the middle of December. On December 20th, production began again in Libya in field A in block NC-115. Production also recommenced in block NC-115 in field M on December 21st, in field H on December 26th, and in the north of field H on December 28th. On January 4th, 2017, production restarted in the I/R field (Blocks NC-186 and NC-115).
Information on net production, net proved reserves, and mineral rights as of December 31st, 2016