Al-Hamra Fields is a producing conventional oil field located onshore Libya and is operated by Arabian Gulf Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.

Field participation details

The field is owned by National Oil.

Production from Al-Hamra Fields

The Al-Hamra Fields conventional oil field recovered 99.44% of its total recoverable reserves, with peak production in 1979. The peak production was approximately 35.83 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027.

Remaining recoverable reserves

The field is expected to recover 2.23 Mmboe, comprised of 2.23 Mmbbl of crude oil & condensate.

About Arabian Gulf Oil

Arabian Gulf Oil Co (AGOCO), a subsidiary of National Oil Corporation of Libya is an oil and gas company that offers oil and gas exploration and development services. The company explores and produces natural gas and crude oil. It offers services such as exploration, development, maintenance, oil and gas production, oil refineries and technique for oil and gas production. AGOCO also operates through its departments such as department of transport, management to prevent losses, management services, and protect the environment, department of communication, management of refineries, upstream operations, department of geophysics, drilling engineering management, and department of geology. The company has its operations in Messla, Naffora, Sarir, Beda, and Hammada, Libya. AGOCO is headquartered in Benghazi, Libya.

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.