Mabruk Oil Operations (MOO)

=Snapshot=

Mabruk Oil Operations is a joint venture operating in Libya between the Libyan National Oil Corporation (NOC) and France's Total.

In 2008 Mabruk Oil Operations employed around 379 employees, of which 59 were expatriates and 320 were locals. Staff are distributed across three main operational sites, with the main office being located at the Dhat El Imad Complex in Tripoli.

=History=

In December 1992, a Development and Production and Sharing Agreements (DPSA) for Concession C17 at the Mabruk field was executed with the NOC as first party to the agreement. Mabruk oil operations was second party to the agreement, in which TEP Libye (Total) held a 75 percent stake and SAGA Petroleum a 25 percent stake.

At the Al Jurf field, the license originates from a first contract awarded to Aquitaine Libya in 1968. In 1997 an Exploration and Production Sharing Agreement (EPSA) was ratified by the Libyan authorities, valid until 2017, in which the NOC held a 50 percent interest, Total 37.5 percent and Wintershall 12.5 percent.

In March 2007, the NOC announced that the Mabruk joint venture, alongside others such as Akakus and Harouge, would change its name to Mabruk Oil Operations in order to better reflect the history and geography of Libya.

According to US State Department cables, in June 2009 the terms of the joint venture's contract were renegotiated, which necessitated the IOCs Total and StatoilHydro accepting a lower production share. Under the new agreement, the Total-Statoil and Total-Wintershall consortia paid a signing bonus of US $500 million to the NOC, $200 million on signing and the remaining $300 million when the viability of gas exploitation at the Al Jurf field was confirmed. The contract's expiration date was extended from 2027 to 2032 at the Mabruk field, and from 2017 to 2032 at the Al Jurf field.

=Activities=

The venture operates two main sites, the onshore Mabruk field and the offshore Al Jurf field. As of 2011, at the onshore Mabruk field the NOC enjoyed a 73 percent share, Total a 20.25 percent share and StatoilHydro 6.75 percent. At the offshore Al Jurf field, the NOC also had a 73 percent share, with Total taking 30 percent and German Wintershall 10 percent.

Average production at Mabruk in 2009 was around 20,000 barrels per day (bpd) In 2009 Al Jurf was producing 45,000 bpd.

=External Links=

Official website: www.mabruk-oil.com

=References=