Continental Focus, International Reach

Sarir Loses 30K BPD

Thursday, June 13, 2019

Libya’s NOC reported that a fire broke out early on June 9 at Compound 1 at the Sarir oilfield. In a statement on its website, NOC said that the fire was due to the high temperatures experienced in an electric generator which resulted in a production loss of approximately 30,000 bpd.

The field, located in the Sirte basin, and operated by NOC subsidiary Arabian Gulf Oil Company (AGOCO), is Libya’s largest oilfield with proven reserves of 4.8 billion barrels.

The blaze started at the field’s power station, cutting off electricity supply to Compound 1. An internal investigation is underway to determine the cause of the temperature rise and an estimated restart date post repair works.

The company, however, was able to repair and restart Compound 2 at the site which had been inoperable since May due to a technical issue. NOC said this will help production gradually return and add up to 60,000 bpd to site output. Current production at Sarir is around 155,000 bpd.