About us

Introduction

About

Akakus Oil Operations Company is a leading and modern company in the field of crude oil production and processing through its two fields in the Murzuq Basin, located in southwestern Libya, adjacent to the famous Akakus mountain range in the ancient city of Ubari. The company was established in 1995 under the name “Repsol” and later became “Akakus Oil Operations.” Over the years, Akakus has earned a prominent position in the oil production sector.

The company holds two concessions: Block (MN 115) and Block (MN 186), now known as the Sharara Field, where all crude oil production operations take place. The oil is then transported through 30-inch pipelines over a distance of 723 km across the desert. At the midway point, there is a crude oil re-pumping station (MN 8) called the Hamada Station, which facilitates the flow of oil until it reaches the Zawiya Tank Farm, located on the northern coast of Libya.

This company was established according to ISO standards from day one to preserve the environment and minimize the resulting damage. Therefore, Akakus Oil Operations is not only a leading company in the oil sector but also focuses on sustainability and the development of clean and renewable energy technologies as part of its future vision.

1

Employees

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Shareholders

200,000

Daily Oil Production

Technical Departments

The technical departments form the backbone of Akakus Oil Operations, ensuring the precise and efficient execution of operational and engineering processes. Through continuous efforts to improve technical operations, these departments play a vital role in maintaining the company’s performance.

The Operations Department plays a crucial role in running the Sharara Field, Hamada al-Hamra, and the Zawiya Tank Farm. Each field has its concession sites, and each concession contains a group of oil fields.

Oil is produced through crude transportation lines, where it is collected, refined, and processed. It is then exported via a 30-inch pipeline, passing through the Hamada line to the Zawiya Tank Farm, from which it is marketed under the supervision of the relevant department.

The Planning and Development Department is responsible for the company’s future vision. It contributes to preparing the necessary studies and developing plans to maintain oil reservoirs, ensuring stable production rates. The department also works on creating comprehensive strategies to increase productivity in collaboration with the relevant technical departments.

The Drilling and Well Maintenance Department plays a pivotal role in the success of any oil project. Its responsibilities include drilling new wells in the Sharara fields, maintaining wells that require servicing, and bringing them back into operation. The department also determines the depth and direction of drilling, selects and installs the appropriate drilling equipment, and monitors well temperature and pressure to ensure the safety of operations and prevent any issues from occurring.

The Engineering and Projects Department is one of the strategic technical departments, playing a vital role in executing projects that contribute to the development of surface equipment necessary for facilitating operations at the stations. This includes refining crude oil, separating impurities and water associated with oil and natural gas, and ensuring their efficient collection to enhance the refining process.

The Security and Safety Department is one of the most important departments, as it is entirely responsible for ensuring the safety of operators and protecting the company’s assets from any damage.

Additionally, it plays a crucial role in ensuring the implementation of environmental protection standards and investigating any incidents or injuries to identify the root causes when they occur and prevent their recurrence.

Asset management and protection in oil companies are not merely routine operations, but fundamental strategies that contribute to improving the company’s overall performance, increasing profits, and reducing risks associated with breakdowns and disasters. By adopting modern technology and adhering to effective planning, oil companies can achieve operational sustainability and deliver long-term positive outcomes.

Shareholders

Akakus Oil Operations Company manages the shared agreement for the Sharara oil field between the National Oil Corporation of Libya, Repsol of Spain, Total of France, OMV of Austria, and Equinor of Norway.