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Libya's Agoco raises Sarir field output to 160000 bpd

Source: Reuters 9/13/2011, Location: Africa

Libya's Arabian Gulf Oil Company (Agoco) said that production from the eastern oil field of Sarir has reached 160,000 barrels per day (bpd) and that it has started to send crude oil to the export terminal of Tobruk. 'It's now at 160,000 barrels per day at Sarir,' Agoco spokesman Abdeljalil Mayuf said by telephone. 'Sarir (refinery) has restarted and they've started sending crude to Tobruk.'

Production from Agoco fields was halted for several months due to sabotage attacks by pro-Gaddafi forces. Before the Libyan revolt in February, the company pumped around 420,000 bpd or about a quarter of the OPEC member's production.

The Sarir oil field was discovered in 1961 and is considered to be the largest oil field in Libya. Production started in 1961.

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