In 2017, our presence
in Libya was focused
on our Upstream business
- Production / development
As of December 31st, 2017, we held mineral rights to four blocks in Libya. Out of these, two are exploration blocks and have a net combined surface area of 3,132 km2. The two production/development blocks have a net surface area of 1,566 km2.
Net proved oil reserves at 2016 year-end were estimated to be 97.4 mbbl.
- On January 4th, 2017, production restarted in the I/R field in Libya (a field shared between Blocks NC-186 and NC-115) and, on May 9th, in NC-186. On December 20th, 2016, it was restarted in El Sharara, in block NC115 (fields A, M and H). Average production in 2017 reached 208 kboe/d gross (ending the year at 299 kboe/d gross in December), which represents a net production for Repsol of 25,4 kboe/d (38.8 kboe/d in December).
Net surface area
of mineral rights
Information on net production, net proved reserves, and mineral rights
as of December 31st, 2017