Sirte

Commentary

The regional unrest and political instability makes plotting a future for the basin difficult. There needs to be period of stability and positive interaction with the new government to buoy the Outlook.

Updated

June 18, 2024

Location

Description

The Sirte Basin is Mesozoic–Paleogene in age, with oil and gas to generated from organic-rich shales in the Paleogene; peak oil generation is estimated to be in the late Paleogene to Neogene from the Eocene Bou Dabbous Formation in the Miocene to Pliocene. The geologic model for the Pelagian-Sirte Basins Silurian TPS is dependent on Silurian organic rich marine shales to have been preserved in the continental margin offshore. If present, Silurian shales reached thermal generation for oil and gas possibly in the Mesozoic, and Cenozoic burial resulted in the cracking of oil to gas.

Summary

The basin has been widely explore onshore, but less so offshore, where accumulation sizes are expected to be significantly larger.