Repsol makes new Libya oil discovery

21 October 2013

Spanish firm hits oil near El Sharara oil field

Spain’s 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 Repsol’s 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, Austria’s OMV and France’s Total. El Sharara is one of the biggest producer fields in Libya, with a maximum output of 360,000 b/d.

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