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NOC to Announce a New Oil Discovery By Sirte

Source: www.gulfoilandgas.com 1/21/2010, Location: Africa

NOC announces that Sirte Oil Company, reports that it has drilled YYYY1-6 New Field Wildcat well in the Sirte Basin to a total depth of 7,806 feet. The well is located approximately 6 km Southeast Nasser Oil Field.

The well is declared as a commercial discovery, after the initial production test of the Waha Formation at a depth of 7,525 – 7,537 feet produced the following rates: Depth: 7.525 – 7.537 feet, Choke Size: 0.5 inches, Oil Rate: 789 BBLS/D, Gas Rate: 0.842 MMSCF/D, Gravity: 36.5 API @ 60 F.

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