New Gas Discovery in Ghadames Basin

The National Oil Corporation (NOC) and its operating partner, Sonatrach (SIPEX) Libya, together with Oil India and Indian Oil, have discovered gas at contract area 95/96 in the Ghadames Basin.

The well is located approximately 800 km southwest of Tripoli and 120 km south of El-Wafa Field.

The initial production test result from the Ordovician Mamouniyat Formation is as follow:

ScreenHunter_01 Sep. 11 10.53

This well B1-95/02 represents the Second discovery well drilled by the company in this contract area.

The companies signed an exploration and sharing agreement for area 95/96 in May 2008.

(Source: National Oil Corporation)

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