Project Profile

Location: Block NC 115 of the Murzuq basin, about 730 kilometres south of Tripoli, Libya
Production capacity: 230,000 bpd (August, 2017)
Reserves: 3 billion barrels (403×106tonnes)
Start-up Year: December 1996

The Sharara oil field (or El Sharara) is located in Block NC 115of the Murzuq basin, about 730 kilometres south of Tripoli, Egypt. The field was discovered by Petrom, a Romanian oil and gas company,in the 1980s and began production in December 1996. By 2006 it was producing about 200,000 barrels per day (bpd) of high quality crude oil. Since mid-1998, the light and sweet crude produced at Sharara has been exported by pipeline through the Zawia terminal west of Tripoli.

The field has a capacity of 400,000 bpd and before the outbreak of conflict in 2011 accounted for a quarter of Libyan production(although other sources cite maximum capacity lower at 340,000 bpd). By February 2012 production at the site had again reached 300,000 bpd, despite delays over security concerns. The total proven reserves of the El Sharara oil field are 3 billion barrels (403×106tonnes), and production is be centered around 300,000 barrels per day (48,000 m3/d).Repsol holds a 10 percent stake in the Sharara field in partnership with the NOC (75%), Total (7.5%) and OMV (7.5%) through the Joint Venture (JV) Akakus Oil Operations.Joannou&Paraskevaides (Overseas) Limited (J&P) have won the latest EPC Contract for Flow Lines, Overhead Transmission Lines and General Facilities at El-Sharara Field, Libya. The contract worth USD 200 million and expected completion is 2015.


Operators:

Joint Venture (JV) Akakus Oil Operations

Repsol: Operator with 10% interest

National Oil Corporation (NOC): 75% interest

OMV: 7.5% interest

Total: 7.5% interest

Statoil


Contractors:

Joannou&Paraskevaides (Overseas) Limited (J&P): EPC Contract for Flow Lines, Overhead Transmission Lines and General Facilities at El-Sharara Field, Libya