Libya Oilfield Fire Adds to Oil Outages - The Libyan Report

Libya Oilfield Fire Adds to Oil Outages

The Sarir Oilfield in Libya’s Sirte basin has seen its oil production drop by 30,000 bpd since June 9 when a fire broke out in a power generator due to high temperature, Libya’s National Oil Corporation (NOC) said.

The Sarir field, operated by NOC’s subsidiary Arabian Gulf Oil Company (AGOCO), is Libya’s largest oilfield with proven reserves of 4.8 billion barrels, according to the national oil company, Oil Price reported.

Current oil production at the Sarir oil field is around 155,000 bpd.

The fire started at the power station at the field and cut off electricity to parts of it, NOC said, adding that “An internal investigation is underway to determine the cause of the temperature rise and an estimated restart date post repair works.”

Yet, some operations at the field that had been suspended since May due to a technical issue have recently restarted, NOC said.

The technical difficulties at the field highlight the fragile state of the Libyan oil industry now that fighting between rival armies continues in and near the capital, Tripoli.