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 Kasa & Memouniat formations as follows:

(Source: NOC)

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