Tag Archives | Area 91

Wintershall transfers Libyan Contract Areas to SOO

Wintershall Aktiengesellschaft (WIAG) has transferred operatorship of Contract Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin to Sarir Oil Operations (SOO), a newly established joint operating company with the National Oil Corporation (NOC). After the signing of two Exploration and Production Sharing Agreements (EPSAs) in December 2019, WIAG […]

AGOCO discusses Projects with Germany’s Ferrostaal

By John Lee. Representatives from the Arabian Gulf Oil Company (AGOCO) has met with German company Ferrostaal to discuss, amongst other things, a water treatment project at Area 91. They also discussed the technical and financial status of the J22 gas project, and the project to link the concession wells (MN4) in Hamada field. (Source: […]

OMV Restarts Production; Increases Stakes in Libyan Fields

Austria's OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields. The Sharara fields are located in the Murzuq basin. In Q4/2016 OMV’s production from Libya amounted to approximately 3,000 bbl/d. OMV also […]