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92

Sharara oil field

The field located in Libya is the biggest oil field of the country, which is believed to hold the largest proven oil reserves in Africa.

Sharara oil field

The field was discovered in 1980 and situated approximately 700 km south of Tripoli in the Murzuq Desert.

The blocks NC115 and NC186 are spread over approximately 8,700 km2. The 1st oil discovery in the block NC115 was made by Rompetrol in 1984. Repsol acquired Rompetrol’s stake in the block in March 1993.

The production started at NC115 in December 1996, while the 1st oil discovery in block NC186 was made by Repsol in 2000. The 1st oil from block NC186 was produced in 2003.

The production started at NC115 in December 1996, while the 1st oil discovery in block NC186 was made by Repsol in 2000. The 1st oil from block NC186 was produced in 2003.

Sharara oil field can produce more than 300,000 barrels of crude oil per day at its full capacity, contributing roughly one-third of the oil-rich country's production.

NOC operates the field in a joint venture with 4 European oil and gas companies, namely France's Total, Spain's Repsol, Norway’s Equinor and Austria's OMV.

The onshore oilfield, however, has witnessed disruptions in the production several times due to the intervention by the armed groups since 2011.