Sirte Oil Company

Infobox Company
company_name = Sirte Oil Company
company_
company_type = State-owned
foundation = 1981
location = Libya
key_people = A. Soghair (Chairman)
industry = Petroleum
products = Upstream Downstream
revenue =
operating_income =
net_income =
num_employees = 6652 (2006)
homepage = [http://www.soc.com.ly/ar/ Official website]

Sirte Oil Company (SOC) (Arabic:شركة سرت) is an oil and gas company of Libya operating under the state-owned National Oil Corporation (NOC). The company is located in Marsa El Brega ["Libya Energy Data, Statistics and Analysis: Oil, Gas, Electricity, Coal". Energy Information Administration (EIA) July 24, 2007] SOC’s operations include oil and gas exploration and production (E&P) and manufacturing.

Background

The company was initially known as Esso Standard Libya Inc., the first company to discover commercial quantities of crude oil in the Zelten oil field. In 1981, Exxon (parent company of Esso Standard) withdrew their Libyan operations, after which Sirte Oil Company was formed as a NOC subsidiary. In 1986, SOC took over the assets of Grace Petroleum, one of the five U.S. companies forced by the US government to leave Libya in 1996. In 1991, SOC merged with the National Petrochemical Company, creating the Sirte Oil Company for Production, Manufacturing of Oil and Gas. Activities included oil refining, liquefaction of natural gas and petrochemicals (methanol, ammonia and urea).

SOC operates the Raguba field in the central part of the Sirte Basin. The field is connected by pipeline to the main line between the Nasser field, one of the largest in Libya, and Marsa el-Brega. Besides Nasser, SOC is in charge of two other gas fields - Attahadi and Assumud - plus the Marsa el-Brega liquefied natural gas (LNG) plant. ["Libya Reserves, Geology, NOC, Companies," EIA 2005] The LNG plant at Marsa el Brega processed about 900 million cubic meters per year, or about 700,000 metric tons per year, of natural gas. [ [http://www.menareport.com/en/business,Oil_and_Energy/183090 Mena Report, May 3, 2005, "Libya National Oil Corporation—Shell reach agreement"] ] In 2000, SOC reportedly made a 13-billion-cubic-meter-per-year natural gas discovery in the Sirte Basin (Africa Energy Intelligence, 2000a, b). ["Libya—Promising find on NC-186": Africa Energy Intelligence, No. 288, December 6, 2000 p. 3]

Production Overview

*Crude Oil Storage: The Tank Farm includes sixteen tanks. The design capacity of each individual tank is convert|268000|oilbbl|m3|abbr=on.

*Refinery: Capacity for processing convert|10000|oilbbl/d|m3/d|abbr=on. The products are primarily used to satisfy domestic demand. The production slate includes: (1) gasoline; (2) kerosene jet fuel (Jet A): diesel oil (ADO): naphtha: and heavy fuel oil (HFO).

OC Petrochemical Complex

SOC's petrochemical complex is located near Marsa El Brega. It consists of six plants: The combined production capacity for the three products is 6,950 mtpd. [metric tons per day] All products are marketed by the Brega Marketing Company.
*Methanol plants (2): each having a capacity of 1,000 mtpd (1978 and 1985) [Date of establishment]
*Ammonia plants (2): one having a capacity of 1,000 mtpd and other with a capacity of 1,200 mtpd (1978 and 1983)
*Urea plants (2): one having a capacity of 1,000 mtpd and another with a capacity of 1,750 mtpd (1981 and 1984).

*Methanol Production: Uses natural gas from SOC’s gas fields for raw material. This product is vital for the production of many chemical compounds and is also used as fuel for some machinery in addition to its use in making protein for animal food products. Most of the methanol produced from the two plants is exported.

*Ammonia Production: SOC’s ammonia-producing plant first converts natural gas (i.e. methane) into gaseous hydrogen. Starting with a natural gas feedstock, the first step in the process entails removal of sulfur compounds from the feedstock, because sulfur deactivates the catalysts used in subsequent steps. Ammonia is produced in liquid form at a temperature of -33°C. Ammonia is used especially in the manufacturing of nitrogen fertilizers, one of which is urea fertilizer. Most of the production is used in making urea fertilizer. The remaining ammonia is usually exported.

*Urea Production: Urea is manufactured from ammonia, which comes from SOC’s two ammonia plants. SOC’s urea quality is considered among the top quality nitrogen fertilizers. A large proportion of the production is exported in large quantities or packaged in 50 kg bags. This fertilizer contributes to Libya’s agricultural projects. It is also used for manufacturing animal food, insecticides as well as formaldehyde production. Attached to the urea plants are three stores each with a storage capacity of 35,000 tons.

OC Brega Port, Marine and Utility Facilities

Brega port exports SOC's oil, gas and petrochemical products. The port comprises a single and double berthing docks with various depths, cargo docks, jetting and mooring for SOC products. The Utilities and Shipping Department is responsible for port operation and other related facilities. These include two power generating stations producing a total capacity of 115 MW. Additionally, there are two desalination plants with a capacity of 4.5 million gallons per day.

Fields

SOC has the following fields:

*Oil and Associated Gas Fields
**Nasser (Zelten)
**Raguba
**Lehib (Dor Marada)
**Jebel
**Wadi
**Ralah
**Arshad
**Ain Jerbi
**Al Wafa

*Non-Associated Gas Fields
**Hateiba
**Sahl
**Assamoud
**Meghil
**Sorrah
**Attahaddy

Notes

External links

* [http://www.soc.com.ly/ar/ Official website]