C96/97 is a producing conventional oil field located onshore Libya and is operated by Sarir Oil Operations. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block NC 96 and NC 97 (Area 107). Buy the profile here.
Field participation details
The field is owned by BASF, Gazprom and LetterOne Holdings.
Production from C96/97
The C96/97 conventional oil field recovered 91.62% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 127.51 thousand bpd of crude oil and condensate and 73.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 116.49 Mmboe, comprised of 99.80 Mmbbl of crude oil & condensate and 100.13 bcf of natural gas reserves. C96/97 conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
For more details on the C96/97 Conventional Oil Field, buy the profile here.