Al Jurf

Al Jurf Oil Field Profile

Location

The Al Jurf oil field is located offshore in Block 137, approximately 140 kilometers northwest of Tripoli, Libya. It is situated in the Bay of Tripoli and lies in shallow water depths ranging from 27 to 110 meters.

Operators and Ownership

The Al Jurf oil field is operated by Mabruk Oil Operations Co., which is a partnership between:

• National Oil Corporation (NOC) of Libya, holding a 50% stake.
• TotalEnergies, holding a 37.5% stake.
• Wintershall Dea, holding a 12.5% stake.

Discovery and Production

The field was discovered in 1976 by Elf (now TotalEnergies), which made several discoveries on the acreage in the early 1970s and 1980s. The Al Jurf field is the only one that has been developed. Production began in 2003 through a wellhead platform.

Infrastructure

The field development includes the BD-1 wellhead platform, which is connected to a floating production storage and offloading (FPSO) unit. The platform has 10 production wells.

Reserves and Production

As of 2021, the remaining recoverable reserves of the Al Jurf oil field are estimated at 56.45 million barrels of crude oil and condensate.

• Historical Production:

  • In 2004, the production rate was approximately 14.41 million barrels per year of crude oil and condensate.
  • By 2009, the production rate had increased to about 125.14 million barrels per year, though this figure may include cumulative production rather than annual rate.
  • In 2021, the production rate was around 5.8 million barrels per year of crude oil and condensate.

• Design Capacity:

  • The production design capacity of the field is approximately 16.43 million barrels per year.

Development Phases

The development of the Al Jurf field has gone through several phases:

• Phase I: Brought the field online in 2003.
• Phase II and III: Further development phases, though Phase III is currently suspended.

Geology

The field is part of Block 137, which includes several geological structures. The Al Jurf field itself is the primary developed field within this block.

Fiscal and Regulatory

The project operates under the terms of the Exploration and Production Sharing Agreement (EPSA) IV, which governs the distribution of costs and production sharing between the operators and the National Oil Corporation (NOC) of Libya. Historical contracts include EPSA I and EPSA III, which have different terms and conditions compared to the current EPSA IV.

Economic and Financial

The economic analysis of the project includes detailed cash flow projections, discount rates, inflation rates, and oil price assumptions. The report also includes tables and charts on cumulative net cash flow, both undiscounted and discounted at 10% from January 1, 2025, and remaining revenue distribution.

Environmental Considerations

The report and operations include considerations for emissions and environmental impact, though detailed environmental data is not provided in the sources listed.

In summary, the Al Jurf oil field is a significant offshore oil production site in Libya, operated by a consortium of TotalEnergies, Wintershall Dea, and the National Oil Corporation (NOC), with ongoing production since 2003 and substantial reserves and production capacities.