Libyan company Zallaf Oil and Gas has shipped the first export cargo from the Chadar oil field, totaling 600,000 barrels. Production started in January from five wells, running at rates of 1,500 barrels of crude daily plus 7.5 million cubic feet of gas.

Located in the Sirte Basin, the Chadar field was discovered in 1968 by Mobil. The National Oil Corporation established Zallaf in 2017 to develop discovered oil fields. Another NOC subsidiary recently announced a new oil discovery in Libya’s northwest.

NOC announced two recent oil discoveries in Libya, one in the Sirte Basin and another by the local subsidiary of Austria’s OMV. Production tests showed promising results, with major oil companies like BP, Shell, Eni, and TotalEnergies returning to Libya after a decade of civil war.

The Austrian energy major OMV resumed operations in Libya in late 2024, following other Big Oil majors returning to the country. BP, Shell, Eni, TotalEnergies, Exxon, and Chevron have either resumed work at existing fields or are bidding on new exploration projects after NOC’s first oil and gas tender in 18 years.

Read more at Yahoo Finance: Libya Ships First-Ever Cargo From Long-Stalled Chadar Oil Field