Fire at Sarir oilfield in Libya causes loss of 30.000 bpd

Fire at Sarir oilfield in Libya causes loss of 30.000 bpd

June 11, 2019 - 19:42
Posted in:
Written By: AbdulkaderAssad

The Libyan National Oil Corporation (NOC) reported that a fire had erupted early on June 09 at (Compound 1) at Sarir oilfield due to the high temperature experienced in an electric generator.

The NOC explained on its website that the fire had resulted in a production loss of approximately 30,000 barrels per day (bpd).

The NOC indicated that the fire started at the field’s power station, cutting off electricity supply to (Compound 1).

It added that an internal investigation is underway to determine the cause of the temperature rise and an estimated restart date after repairing works.

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 (Gbbl), according to the NOC, which said the current production at Sarir is around 155,000 bpd.

NOC further added that the company was able on Monday to repair and restart (Compound 2) at the site, which has been nonoperational since May due to a technical issue.

"This will help production gradually return and add up to 60,000 bpd to site output." The NOC remarked.