The causes of the production shutdown at Libya’s Sharara field remain unknown according to Austria’s OMV, joint venture partner for the field, speaking with Reuters.

  • According to Bloomberg sources, production was completely halted on Monday after slowing through Sunday.
  • The field was reported to be operating at ~270,000 bpd prior to the shutdown.
  • The Lybian government called attempts to shut Sharara operations as "political blackmail".

OIL: OMV Unclear Over Libya's Sharara Shutdown

Last updated at:Aug-05 15:23By: Andrew Couper

The causes of the production shutdown at Libya’s Sharara field remain unknown according to Austria’s OMV, joint venture partner for the field, speaking with Reuters.

  • According to Bloomberg sources, production was completely halted on Monday after slowing through Sunday.
  • The field was reported to be operating at ~270,000 bpd prior to the shutdown.
  • The Lybian government called attempts to shut Sharara operations as "political blackmail".