Libya drills new Ghadames oil well

17 July 2012

Arabian Gulf Oil Company drills test well in western Ghadames basin

Libya’s state-owned National Oil Corporation (NOC) has tested oil from three formations at the D1-NC8 well in the western Ghadames Basin.

The well was drilled by Benghazi-based Arabian Gulf Oil Company (Agoco), an NOC subsidiary, some 400 kilometres from Tripoli to a total depth of 7,020 feet, according to an NOC statement.

Oil flows were tested at three formations. The Tahara formation, which lies at 3,640 feet revealed 6 feet of net pay, with a gas flow rate at a maximum of 3.1 million cubic feet a day (cf/d). The Quan Kasa formation lies at a depth of 4,720 feet with 15 feet of net pay. The tests indicate 594 barrels of oil. The deeper Memouniat formation at 6,622 feet showed 14 feet of net pay and tested 508 barrels of oil.

Agoco restarted survey work at its onshore concession in the Ghadames basin in western Libya on 25 February. The company has a number of concessions across Libya and also operates the Tobruk Refinery and Marsa al-Hariga export terminal.

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