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November 26, 2021

Murzuq Conventional Oil Field, Libya

By Carmen

Murzuq is a producing conventional oil field located onshore Libya and is operated by Akakus Oil Operations. The field is located in block NC 186 (Area 130 & 131).

Field participation details

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


Production from Murzuq

The Murzuq conventional oil field recovered 54.67% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 115.17 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 5% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 274.78 Mmboe, comprised of 274.78 Mmbbl of crude oil & condensate. Murzuq conventional oil field reserves accounts 0.06% 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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