Libya makes two new oil discoveries

20 February 2014

Agoco and Polish Oil & Gas Ghadames and Murzuq basins hit oil and gas

Libya’s National Oil Corporation (NOC) has announced two new hydrocarbons discoveries by its partners in the Ghadames and Murzuq basins.

The first discovery was made by Arabian Gulf Oil Company (Agoco), a subsidiary of NOC, which drilled the G1-NC4 well, about 250-kilometres south of Tripoli to a total depth of 10,600 feet.

Production tests showed oil at 1,266 barrels a day (b/d) at the Lower Akakus formation, lying at a depth of 8,291-8,314 feet. The oil has a gravity of 41 API. It also tested gas at 3 million cubic feet a day (cf/d) and 129 b/d of condensates from the Mamouniyat formation at 10,207 to 10,230 feet.

Earlier in February, Polish Oil & Gas (POGC) made a discovery at its Area 113/1 concession area in the Murzuq basin. POGC drilled a new exploration well, numbered B1-113/01, approximately 650-kilometres south of Tripolo. Initial production tests from the well tested gas at 4 million cubic feet a day (cf/d) from two formations. The Upper Awaynat Wanin formation was tested at depths of 2,860 to 2,800 feet, and the Middle Awaynat Wanin formation at 2,887 to 2,950 feet.

Algeria’s Sonatrach made another recent discovery in January at the Block 95/96 concession area in the Ghadames basin.

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