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A new discovery by Verenex in Libya

Source: www.gulfoilandgas.com 9/29/2008, Location: Africa

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On 29/09/2008, NOC announced that the Canadian Company, Verenex Energy, has made a new oil discovery in the well C1-47/04 a new wildcat well in Ghadames Basin, the well is located 150 km south west of Tripoli.

Well C1-47/04 is the seventh discovery in contact area 47 which was awarded to Verenex Energy and its partner MEDCO in the first Bid Round where both hold a 13.7% interest (50% each Company) under an EPSA Agreement signed with NOC, which holds an 86.3% interest under the said Agreement.

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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