FACTBOX-Libya oil production, outage, exports, customers

Tue Mar 15, 2011 11:26am EDT

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 (Updates details on battles, Libyan oil companies)
 March 14 (Reuters) - Libya is estimated to have lost two thirds of its oil output while
fighting between government and rebel forces and international sanctions have halted all oil
exports from Africa's third-largest producer.
  Libyan leader Muammar Gaddafi's forces lost control over large swathes of the oil
exporting North African country initially, but over the past week the military momentum has
shifted back in their favour.
 Oil prices have rallied in the past weeks due to supply problems from Libya but seem to
have fully priced in the loss of Libyan output in the past few days. [O/R].
 Below are details on Libyan oil exports and customers:
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
 Wrapup story on fighting in Libya           [ID:nLDE72D018]
 More on Middle East unrest        [nTOPMEAST]  [nLDE71O2CH]
 Map of Saudi Arabia's main oil producing region
 link.reuters.com/gew48r
 Factbox on Middle Eastern gas suppliers     [ID:nLDE71O0DI]
 Middle East unrest in numbers   r.reuters.com/nym77r
 Interactive factbox          link.reuters.com/puk87r
 Libyan oil map                  r.reuters.com/jem28r
 Production and export graphics:
 here
  ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 
 PRODUCTION AND LOST OUTPUT
 * OPEC member Libya is the world's 17th-largest oil producer, third-largest producer in
Africa and holds the continent's largest crude oil reserves. It normally pumps around 1.6
million bpd, 85 percent of which is exported to Europe.
 * Output is normally equivalent to about 2 percent of global consumption, and unrest has
cut it to about 500,000 bpd as many foreign and local workers have left the fields.
[ID:nLDE7282MP]
 
 OIL TOWN BATTLES
 * All Libya's oil export terminals except Tobruk in the east are back under central
control, the head of the Libyan oil workers' union told Reuters on Tuesday.
 * Agoco, an oil firm based in rebel areas, said it was now only pumping oil to Tobruk in
the far east of Libya after Gaddafi's forces retook Ras Lanuf. [ID:nLDE72E1AN]
 * Gaddafi's forces recaptured rebel-held oil towns of Es Sider and Ras Lanuf over the past
days. In Es Sider air strikes were reported to have destroyed storage tanks and other
facilities during the fighting. Forces also recaptured the important eastern oil terminal town
of Brega late on Sunday.
 * On Tuesday, Gaddafi's forces appeared to have recaptured the eastern town of Ajdabiyah,
which commands roads to Tobruk and Benghazi, the rebels' stronghold.
 * West of Tripoli, Zawiyah was back under government control after troops crushed the
revolt, leaving the city shattered. Zawiyah's oil refinery was operating again on Friday after
being shut down by the violence earlier in the week.
 
 OILFIELDS
 * Most of Libya's oilfields are around the Sirte Basin, which contains around 80 percent
of its proven reserves.
 * The Hamada oilfield ceased production and the eastern fields of Sarir, Nafoora and Misla
are producing around a third of their normal capacity, Agoco said on Thursday. [ID:nLDE7291KB]
 * The Waha Oil Company, which operates the Waha, Dahra, Samah and Gialo fields, said its
output had dropped to less than a third its normal level. [ID:nLDE7271VV]
 * The Al Jurf offshore oilfield and Mabruk field have stopped producing, Total CEO
Christophe de Margerie said on Friday. [ID:nWEA8015]
 
 REFINERIES, REFINED OIL PRODUCTS
 * Libya has five domestic refineries with a total crude distillation capacity of 378,000
bpd: Azzawiya Oil Refining Co (120,000 bpd), Sarir Refining (10,000 bpd), Sirte Oil Co (8,000
bpd), Tobruk Refining (20,000 bpd) and Ras Lanuf Oil & Gas Processing Co (220,000 bpd).
 * The IEA said Libya last year imported about 80,000 bpd of refined oil products and
exported about 100,000 barrels per day of oil products to OECD countries, mostly in Europe.
 
 LIBYAN OIL COMPANIES
 * Libya's oil industry is run by the state-owned NOC, which accounts for around 50 percent
of the country's output. Shokri Ghanem, head of NOC called on employees to return to work and
said on Monday he was hopeful production could soon increase. [ID:nLDE72D16W]
 * A unit of NOC, Agoco, has decided to operate separately and market oil direct to foreign
buyers until Gaddafi is overthrown and Tripoli free of his rule. [ID:nLDE7291KB]
 
 FOREIGN PLAYERS
 * The total equity share of the following foreign companies -- many of which operate
fields on behalf of Libyan National Oil Co -- amounts to about 460,000 bpd. The table below is
based on data from consultancy IHS Herold and Reuters reports:
Company       Libya oil   Libya share    Libya share    Libya oil &     Status  
           '000 bpd    of total oil   of total gas   gas share      
                       (percent)      (percent)      (percent)
*********************************************************************************************
ENI           108         10.7           18             13.7     Two thirds production cut, 
                                                              daily output at 120,000 bpd
WINTERSHALL   98.6        72.0           4              29.2     Production shut down
TOTAL         60          4.3            0              2.7      Production shut down
MARATHON      45.8        18.8           0              11.6     Effect on operations unclear
CONOCO        45          3.2            0              2.1      Operations shut
REPSOL        36          8.3            0              4.1      Still operating, no updated
                                                              production figures
OMV           33          19.4           0              10.6     Severe output disruption
HESS          22          7.5            0              5.4      Production rate unclear
OCCIDENTAL    6           1.2            0              0.9      Operations continue, exact
                                                              production rate unknown
STATOIL       4.5         0.4            0              0.3      Offices closed
SUNCOR        35          5.7            0              N/A      Operations shut down
 
 PORTS AND EXPORTS
 * Libya is a net exporter of crude oil and normally sells around 1.3 million bpd to world
markets. It has domestic consumption estimated at around 270,000 bpd.
 * London's marine insurance market has added Libya to a list of areas deemed high risk,
increasing significantly the cost of sailing to the country's ports. [ID:nLDE72319U]
 * Libya exports from six major terminals, listed below with loading volumes for January
from the IEA: - Es Sider (447,000 bpd), Marsa El Brega (51,000 bpd), Ras Lanuf (195,000 bpd),
Tobruk (51,000 bpd), Zueitina (214,000 bpd), Zawiyah (199,000 bpd), other unspecified
terminals (333,000 bpd).
 
 SANCTIONS
 *  A divided U.N. Security Council discussed authorizing a no-fly zone over Libya on
Monday after the Arab League called for the 15-nation body to act. [ID:nLDE72D018]
 * Western countries, the European Union, Japan, South Africa and United Nations have all
imposed sanctions on Libya and frozen government assets. [ID:nLDE7211UI]
 * Major U.S. oil companies including Exxon Mobil (XOM.N) and ConocoPhillips (COP.N) have
halted trade with Libya and banks are declining to clear payments in dollars. [ID:nLDE7261FX]
 
 CUSTOMERS
 * About 32 percent of Libya's oil goes to Italy, 14 percent to Germany, 10 percent to
France and China and 5 percent to the United States.
 * Buyers have said the shortage can be covered by alternative sources such as Nigeria and
Azerbaijan, which produce similar light, low-sulphur crude oils.
 * Saudi Arabia has raised production to fill the supply gap, but opinions differ how much
spare capacity the kingdom has got and whether it can ramp up production further.
 (Reporting by Nia Williams, Jonathan Saul, Christopher Johnson, Selam Gebrekidan, Ikuko
Kurahone and Daniel Fineren)
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