National Oil Corporation (NOC) reports that a fire broke out early on June 9, 2019, at compound 1 at the Sarir oilfield due to the high temperature experienced in an electric generator, thereby resulting in a production loss of approximately 30,000 barrels per day (bpd).
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).
The blaze started at the field’s power station, cutting off electricity supply to compound 1. An internal investigation is underway to determine the cause of the temperature rise and an estimated restart date post repair works.
The company, however, was yesterday able to repair and restart compound 2 at the site, inoperable since May due to a technical issue. This will help production gradually return and add up to 60,000 bpd to site output. Current production at Sarir is around 155,000 bpd.
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