Spanish firm hits oil near El Sharara oil field
Spains Repsol has made an oil discovery in the Murzuq basin of western Libya.
The discovery was made at the A1-129/02 well, located approximately 35-kilometres east of Repsols production facilities at the El-Sharara oil field, according to state-owned National Oil Corporation (NOC).
The formation was found at a depth of between 4,502 to 4,522 feet. The well tested flow rates of 513 barrels a day (b/d), at a gravity of 39 API.
The El Sharara field in the NC-115 concession is operated by Akakus Oil Operations, a joint venture of and NOC, Repsol, Austrias OMV and Frances Total. El Sharara is one of the biggest producer fields in Libya, with a maximum output of 360,000 b/d.
You might also like...
UAE rides high on non-oil boom
26 April 2024
Qiddiya evaluates multipurpose stadium bids
26 April 2024
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.