Having fallen nearly 40% since the end of February, Libyan crude oil output could bounce back to around 1 million b/d with the restart of the 90,000 b/d Elephant oil field, after Petroleum Facilities Guards agreed to allow workers to resume operations. State-owned National Oil Corp. declared a force majeure on crude deliveries from the field on February 23, after it was shut and staff evacuated due to protests by local tribes and guards. However, the PFG said on its Facebook page late Wednesday that it had agreed to reopen the field, also known as El-Feel, and allow staff to return to work. Although the PFG staff members are returning to El-Feel, there has been no confirmation so far that NOC is sending its workers back to the field. NOC declined to comment on its status, and the force majeure remains in place for now. El-Feel is operated by […]