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Amereada Hess Has Made A New Discovery in Libya

Source: www.gulfoilandgas.com 12/23/2008, Location: Africa

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NOC announced that the American Company, Amereada Hess, has made a new discovery in the well (A1-54/1) a new wildcat well in offshore Sirt Basin. The well is located approximately 95 km North of Ras Lanuf City/Terminal.

The well A1-54/1 (Arous Al-Bahar) drilled in a water depth of about 2807 to total depth of 11000 feet, the preliminary log evaluation suggested to encounter hydrocarbons in several intervals where further evaluation will be conducted.

Amereada Hess drilled the well as an operator under an EPSA agreement with NOC with interests distributed as follows:

First Party Interests ( NOC Libya ) 87.6%
Second Party Interests ( Hess ) 12.4 %.

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