To estimate disruptions, Kayrros crosses public resources with satellite imagery to monitor flaring activity, a key indicator of production, and extract field by field signals of activity.
Figure 1. Historical weekly disruptions (Sources: Kayrros, EIA, BSEE)
Production outages from OPEC members topped 1.6 MMb/d as of last Thursday.
Iran contributed to additional weekly lost production of 93 kb/d, where the outages at the Ardeehir oilfield took additional production offline this week. Outages are ongoing at the Karanj oilfield.
Figure 2. Outages increased every week in May throughout Iran (Source: Kayrros)
In Iraq, disruptions averaging 300 kb/d have been ongoing since March, and the Gharaf and Badrah oilfields are currently experiencing outages.
Figure 3. Historial disruptions in Iraq (Source: Kayrros)
In Libya, disruptions have been ongoing since early 2020, knocking off 777 kb of daily production.
Ongoing disruptions are heavily impacting Libya’s oil output (Source: Kayrros)
In Algeria, Rhourde Chegga resumed normal flaring activity this week.
Figure 5. Rhourde Chegga resumed normal flaring (Source: Kayrros)
To learn more about the data behind this article and what Kayrros has to offer, visit https://www.kayrros.com/.
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