Wintershall Braves Libya Turmoil to Crank Up Oil Field Output
- BASF oil, gas unit sees lack of legal force, future prospects
- Company’s onshore oil production’s back to 65% of capacity
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For oil producer Wintershall AG, water shortages, power cuts and armed militias are all part of doing business in Libya.
BASF SE’s energy subsidiary is toughing it out in the oil-rich nation plagued by years of conflict that has crippled production, according to Mario Mehren, Wintershall’s chief executive. Output is gradually returning, with the company’s onshore fields now working at 65 percent of capacity since reopening in June after an 18-month halt.