Libya: Wintershall relinquishes onshore Sirte Basin to Sarir Oil Operations


By: Oilfield Africa Review
Published: Thursday November 26, 2020

Wintershall Aktiengesellschaft (WIAG) today 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 had continued to transitionally operate the fields while SOO was being established and prepared to assume operational responsibility. The vast majority of WIAG’s Libyan personnel has been transferred to SOO and will continue to work in their previous roles.

Oil production in the fields located in Contract Areas 91 and 107 has been suspended since mid-January 2020 due to blockades of the export infrastructure. Although the coronavirus pandemic and the conflict in Libya have posed additional significant challenges during the past months, NOC and WIAG are nonetheless convinced that as a result of a comprehensive and diligent transitional process, SOO has successfully been enabled to operate the fields in a reliable manner and in accordance with good oilfield practices.

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry

Gas & Power
Equinor Strengthens UK Energy Security with New Gas Sales Deal
Thursday June 5, 2025
Nigeria
NLNG Train 7 $5 Billion Project Hits 80% Completion
Thursday June 5, 2025
Block Licences
NUPRC Refutes Violations of Guidelines in the 2024 Oil Block Licensing Round
Thursday June 5, 2025
Equitorial Guinea
GEPetro, SBM Offshore Sign SPA for Divestment of the FPSO Aseng
Thursday June 5, 2025
Company News
Oando Profit-After-Tax up 267% to N220 billion in FY2024 Audited Results
Thursday June 5, 2025
Conferences & Exhibitions
Levene Energy to Spotlight Nigeria’s Energy Diversification Prospects at AEW 2025
Thursday June 5, 2025
Carbon Capture
Chevron’s Methane Satellite-Monitoring Campaign and Power of Collaboration
Thursday June 5, 2025
Gas & Power
First cruise ship refuels with LNG in Vancouver
Tuesday June 3, 2025
Nigeria
Exec Sec NCDMB, Ogbe Appointed Member of APPO Board
Monday June 2, 2025