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AGOCO Drilled New Well in Sirte Basin

Source: www.gulfoilandgas.com 4/14/2014, Location: Africa

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Arabian Gulf Oil Company (AGOCO) is a fully owned by NOC has drilled the FF2-47 well to a total depth of 7270 feet and tested oil from the Lidam Formation.

The well is located in Sirte Basin approximately 80 km south west of Marada Town.

The initial production test flow rates from the Lidam Formation are as follows:
Well Name: FF2-47
Formation: Lidam
Tested Interval (Feet): 6776-6790 / 6800-6820
Choke Size (Inch): 32/64
Oil Rate (bbls/d): 1900
Oil Gravity API: 27

Note:
The FF1-47 exploration well was drilled in 1971 and the results were not encouraging where only 65 bbls of oil were recovered and hence it was not considered as a discovery at the time.

For more information about related Opportunities and Key Players visit Libya Oil and Gas Projects

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