El-Sharara is a producing conventional oil field located onshore Libya and is operated by Akakus 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 115 (Area 129 & 130). Buy the profile here.

Field participation details

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

Production from El-Sharara

The El-Sharara conventional oil field recovered 60.98% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 240.00 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 23% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 921.02 Mmboe, comprised of 921.02 Mmbbl of crude oil & condensate. El-Sharara conventional oil field reserves accounts 0.20% of total remaining reserves of producing conventional oil fields globally.

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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.