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AGOCO Makes a New Discovery in NC4 Libya

Source: www.gulfoilandgas.com 9/2/2012, Location: Africa

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Arabian Gulf Oil Company, a wholly owned by NOC reports that it has drilled the F1-NC4 New Field Wildcat well to a total depth of 10,300 feet. The well is located in Ghadames Basin approximately 150 km Southwest of Tripoli City.

The initial production testing from Memouniat, Lower Acacus & Middle Acacua established an oil & gas flow as follows:

Memouniat Foramation tested with interval from 10,000 to 10,020 feet, net pay 20 feet, Choke Size 1/2 inch, Oil Rate 38 bbls/d Condensate, Gas rate 6.840 MMCF/D, and Oil Gravity 62 API.

Lower Acacus Foramation tested with interval from 8,972 to 8,983 feet, net pay 11 feet, Choke Size 1/2 inch, Oil Rate 1,248 bbls/d, Gas rate 0.999 MMCF/D, and Oil Gravity 37 API.

Lower Acacus Foramation tested with interval from 8,298 to 8,306 feet, net pay 8 feet, Choke Size 1/2 inch, Oil Rate 888 bbls/d, Gas rate 0.440 MMCF/D, and Oil Gravity 38 API.

Lower Acacus Foramation tested with interval from 8,111 to 8,119 feet, net pay 8 feet, Choke Size 1/2 inch, Oil Rate 1,050 bbls/d, Gas rate 1.012 MMCF/D, and Oil Gravity 39 API.

Middle Acacus Foramation tested with interval from 7,748 to 7,759 feet, net pay 11 feet, Choke Size 1/2 inch, Oil Rate 1,247 bbls/d, Gas rate 1.620 MMCF/D, and Oil Gravity 39 API.

Middle Acacus Foramation tested with interval from 7,701 to 7,713 feet, net pay 12 feet, Choke Size 1/2 inch, Oil Rate 937 bbls/d, Gas rate 3.786 MMCF/D, and Oil Gravity 39 API.

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