Harouge Oil Operations (HOO)

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Headquarters Tripoli/Benghazi
Founded 1987
Key People Mr. Abdulwahab R. En-Neamy (Chairman)[1]
International Partners PetroCanada
% held by NOC 51%[2]
% held by IOCs 49% (PetroCanada)[3]
Production output 100,000 bpd (2011)[4]


Snapshot

Harouge Oil Operations, formerly known as Veba Oil Operations, is a joint venture (JV) between the Libyan National Oil Corporation (NOC) and Canadian oil company PetroCanada.

Harouge Oil Operations employed over 2,000 employees in 2009 at their offices in Tripoli and Benghazi, as well as in self-sufficient field camps at the oil fields in Amal, Ghani, Jofra, Tibisti and En Naga, and at the terminal in Ras Lanuf.[5]

History

In 1987 Veba Oil Operations was established by the NOC and Veba Oil Libya to explore, develop and exploit eight concessions, mainly located in central Libya's Sirte basin. In 2002, Veba Oil Libya's rights and obligations in these concessions were acquired by PetroCanada and in 2004 Veba Oil Libya was renamed 'Petro-Canada Oil Libya'. In 2008, the NOC and PetroCanada signed six new Exploration and Production Sharing Agreements (EPSAs) for eight former concessions, and agreed that Harouge Oil Operations should continue to develop oil fields in these concessions on behalf of the owners. The exploration activities within the new contract areas were assigned to be under PetroCanada's responsibility.[6]

Activities

In 2009, Harouge Oil Operations was developing and producing petroleum from five contract areas with more than 20 fields. The crude oil is pumped from the various fields via export pipelines to the Ras Lanuf terminal, where it is stored in tanks and loaded onto tankers for export.

Harouge is also responsible for the shipping of crude oil from fields operated by other operators from Ras Lanuf.[7]

External Links

Official website: www.vebalibya.com

References

  1. Management Committee" Harouge Oil Operations retrieved 7 November 2011.
  2. "Libya" Suncor retrieved 3 November 2011.
  3. "East Libya oil offices abandoned, vehicles looted" Reuters 5 March 2011.
  4. Harouge Oil to Begin Pumping Oil from Libyan Field" BEDigest 26 September 2011.
  5. "About Harouge Oil Operations" Harouge Oil Operations Retrieved 3 November 2011.
  6. "About Harouge Oil Operations" Harouge Oil Operations Retrieved 3 November 2011.
  7. "About Harouge Oil Operations" Harouge Oil Operations, retrieved 3 November 2011.