Tuesday 17 September 2013

Algeria'sSonatrach Makes a Discovery in Libya

Algeria's state-run firm Sonatrach has made a gas discovery in Libya. According to Libya's state-run firm NOC, the discovery was made on Area 95/96 in the Ghadames Basin.

Sonatrach partnered with Oil India and India Oil Corporation made the discovery while drilling the new field wildcat well B1-95/02. The initial production test results from the Ordovican Mamouniyat Formation show the well flowed at a rate of 10Mmcf/d.

This is the second discovery announced by NOC in the past week. The previous one was made by Polish Oil and Gas Co. (POGC) Libya in the Murzuk Basin.

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