Sirte Oil Company

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Sirte Oil Company
Company typeState-owned
IndustryPetroleum
Founded1981
HeadquartersBrega, Libya
Key people
ABDALLAH ELSHWAYGY (Chairman)
ProductsUpstream
Downstream
Number of employees
8779 (2022)
WebsiteOfficial website

Sirte Oil Company (SOC) (

Arabic: شركة سرت للنفط) is an oil and gas company in Libya operating under the state-owned National Oil Corporation (NOC).[1] The company is located in Brega[2]
SOC’s operations include oil and gas exploration and production (E&P) and manufacturing.

Background

The company was initially known as

Exxon (parent company of Esso Standard) withdrew their Libyan operations, after which Sirte Oil Company was formed as a NOC subsidiary. It was established to operate the former Esso Sirte installation like the Marsa el-Brega refinery.[5]

In 1986, SOC took over the assets of Grace Petroleum, one of the five US companies forced by the U.S. government to leave Libya. In 1991, SOC merged with the

).

In 2000, SOC reportedly made a 13-billion-cubic-meter-per-year natural gas discovery in the Sirte Basin (Africa Energy Intelligence, 2000a, b).[6]

In 2005 SOC signed a $643 million contract with

Libyan civil war in 2011 and is out of operation today.[1]

SOC operates the

Nasser field, one of the largest in Libya, and Brega. As of 2005, besides Nasser, SOC was in charge of two other gas fields - Attahadi and Assumud - plus the Marsa el-Brega liquefied natural gas (LNG) plant.[7] The LNG plant at Brega processed about 900 million cubic meters per year, or about 700,000 metric tons per year, of natural gas, as of 2005.[7]

In 2018 SOC announced the exploration and production of oil and gas in the Sahl field, after they had to stop for four years because of local security problems.[8]

In 2019 SOC announced would conduct corrosion control chemical field trials in 2020 for its gas production facilities.[9]

Production Overview

  • Crude Oil Storage: The Tank Farm includes sixteen tanks. The design capacity of each individual tank is 268,000 bbl (42,600 m3).
  • Refinery: Capacity for processing 10,000 bbl/d (1,600 m3/d). The products are primarily used to satisfy domestic demand. The production slate includes: (1) gasoline; (2)
    diesel oil (ADO): naphtha: and heavy fuel oil
    (HFO).

SOC Petrochemical Complex

SOC's petrochemical complex is located near Brega. It consists of six plants: The combined production capacity for the three products is 6,950 mtpd.

Brega Marketing Company
.

SOC Brega Port, Marine and Utility Facilities

Brega port exports SOC's oil, crude oil gas and petrochemical products. The port comprises a single and double berthing docks with various depths, cargo docks, jetting and mooring for SOC products.[12]

Fields

SOC has the following fields:

  • Oil and Associated Gas Fields
    • Nasser (Zelten)
    • Raguba
    • Lehib (Dor Marada)
    • Jebel
    • Wadi
    • Ralah
    • Arshad
    • Ain Jerbi
    • Al Wafa
  • Non-Associated Gas Fields
    • Hateiba
    • Sahl
    • Assamoud
    • Meghil
    • Sorrah
    • Attahaddy

Notes

  1. ^ a b "Marsa El Brega, Libya". Mechademy. 16 November 2018. Retrieved May 26, 2020.
  2. ^ Libya Energy Data, Statistics and Analysis: Oil, Gas, Electricity, Coal. Energy Information Administration (EIA) July 24, 2007
  3. ^ a b "Sirte Oil Company and whether it is government-owned". Immigration and Refugee Board of Canada. Retrieved May 26, 2020.
  4. . Retrieved May 26, 2020.
  5. ^ "The Mineral Industry of Poland" (PDF). University of Wisconsin-Madison. 1983. Retrieved May 26, 2020.
  6. ^ Libya—Promising find on NC-186: Africa Energy Intelligence, No. 288, December 6, 2000 p. 3
  7. ^ a b "2005 Minerals Yearbook: Libya" (PDF). USGS. 2005.
  8. ^ "Sirte Oil Company resumes gas field development drilling". Libya Herald. October 14, 2018. Retrieved May 28, 2020.
  9. ^ "Sirte Oil Company invites proposals for corrosion control chemical field trials". Libya Herald. October 9, 2019. Retrieved May 28, 2020.
  10. ^ metric tons per day
  11. ^ Date of establishment
  12. ^ "Port Marsa El Brega". World Port Source. Retrieved May 28, 2020.

External links