Wintershall Aktiengesellschaft (WIAG), a joint venture between Wintershall Dea and Gazprom EP International, transferred operatorship of Contract Areas 91 (former Concession 96) and 107 (former Concession 97) onshore Libya’s Sirte basin to Sarir Oil Operations (SOO), a newly established joint venture between WIAG and the National Oil Corp.
After signing two exploration and production sharing agreements in December 2019, WIAG transitionally operated 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, Wintershall said.
Sirte basin lies 1,000 km southeast of Tripoli in the Al-Wahat municipality. Oil production in contract areas 91 and 107 has been suspended since mid-January due to blockades of export infrastructure.