Tag Archives | oil discovery

New Oil Discovery in Ghadames Basin

The Libyan National Oil Corporation (NOC), along with Algerian state-owned Sonatrach, have made an oil and natural gas discovery in the Ghadames Basin, about 370 miles southwest of Tripoli. The discovery consists of one oil field with a capacity of 8,200 barrels per day (bpd), and a gas deposit with a capacity of 1,700 cubic meters […]

Has Algeria’s Sonatrach Struck Oil in Libya?

Libya Herald reports that Algeria’s state-owned Sonatrach may become the first international company to announce a discovery from oil exploration started after the fall of the Gaddafi regime. Unconfirmed reports suggest the company has made its third discovery at Area 65 in the Ghadames Basin, an area in which it made two discoveries in 2009 […]

AGOCO Reports New Oil & Gas Discovery

The Arabian Gulf Oil Company (AGOCO), a wholly owned subsidiary of Libya’s National Oil Corporation (NOC), has reported that it has drilled the F1-NC4 new field wildcat well to a total depth of 10,300 feet. The well, located in Ghadames Basin approximately 150 km Southwest of Tripoli City, had oil and gas flows as follows: […]

Libya’s National Oil Corporation Discovers New Oil Field

Libya’s National Oil Corporation (NOC) has announced that the Arabian Gulf Oil Company (AGOCO), wholly owned by the NOC, has drilled the D1-NC8 New field wildcat well to a total depth of 7,020 feet. The well is located in Ghadames Basin approximately 400 km south of Tripoli City. The initial production testing from Tahara, Ouan […]