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November 25, 2021updated 26 Nov 2021 6:04am

El-Sharara Conventional Oil Field, Libya

By Carmen

El-Sharara is a producing conventional oil field located onshore Libya and is operated by Akakus Oil Operations. The field is located in block NC 115 (Area 129 & 130).

Field participation details

The field is owned by OMV, TotalEnergies, Repsol and National Oil Corporation of Libya.


Production from El-Sharara

The El-Sharara conventional oil field recovered 53.78% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 240 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 12% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,090.86 Mmboe, comprised of 1,090.86 Mmbbl of crude oil & condensate. El-Sharara conventional oil field reserves accounts 0.22% of total remaining reserves of producing conventional oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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