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December 1, 2021

Sarir Field Complex Conventional Oil Field, Libya

By Carmen

Sarir Field Complex is a producing conventional oil field located onshore Libya and is operated by Arabian Gulf Oil. The field is located in block NC 65 (Area 123 & 124).

Field participation details

The field is owned by National Oil Corporation of Libya.


Production from Sarir Field Complex

The Sarir Field Complex conventional oil field recovered 97.25% of its total recoverable reserves, with peak production in 1970. The peak production was approximately 408 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 131.29 Mmboe, comprised of 131.29 Mmbbl of crude oil & condensate. Sarir Field Complex conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


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.

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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