Sharara oilfield hits seven-year production high

Libya’s flagship Sharara oilfield is once again flowing strongly, averaging about 310,970 barrels per day—its highest output in seven years—operator Akakus Oil Operations confirmed this week.

The jump follows a field-upgrade campaign that on 30 July returned well H-49 to service, adding roughly 1,450 b/d. Akakus says several other wells were reactivated in July; audited figures for those volumes are expected later this month.

Located in the Murzuq Basin of south-west Libya, Sharara is the country’s largest producing asset. At today’s rate it supplies just under a quarter of national crude output, which the National Oil Corporation (NOC) recently put at around 1.3 million b/d.

For Libyans, the extra barrels mean greater hard-currency earnings at a time when public finances remain under pressure. Energy analysts note that every 10,000 b/d boost at Sharara can translate into tens of millions of US dollars in additional monthly revenue, depending on global prices.

Government officials say stabilising production across all fields is a priority after years of shutdowns linked to conflict and infrastructure damage. The fresh momentum at Sharara is seen as an encouraging sign—both for oil workers on the ground and for a national economy still heavily reliant on hydrocarbon income.