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Arabian Gulf Oil Company Has a New Oil Discovery in Ghadames Basin

Source: www.gulfoilandgas.com 12/15/2008, Location: Africa

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AGOCO, the Arabian Gulf Oil Company has had a new oil discovery with the D1-NC7-A, a new field wildcat well located in the Ghadames Basin, the Libyan National Oil Company, NOC has confirmed. The well is situated approx. 500 m south of Tripoli and 170 km west of Hamada oil field.

An initial production test established oil and gas flows as:
-668 bopd of 64.4’ API + 22.5 mmscfd in the Upper Acacus sandstone at a depth between 8300-8276 feet
-500 bopd + 21.2 mmscfd in the Middle Acacus sandstone at a depth between 8924-8936 feet and
-1031 bopd + 28.9 mmscfd
-790 bopd + 27.9 mmscfd
-945 bopd + 28.7 mmscfd
-1251 bopd + 27.6 mmscfd at multiple layers between 8276- 9464 feet in the Lower Acacus sandstone.

This estimated hydrocarbon volumes of this discovery are as the following:
Well name: D1-NC7A
OCIP: 62 MMbbls
Recoverable condensate: 19 MMbbls
OGIP: 2002 BCF
Recoverable Gas: 1700 BCF

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