NOC announces that TATNEFT being partners in an Exploration and Sharing agreement, report initial information concerning the exploration well B1-82/04 New Field Wildcat in Ghadamis Basin.
The well is located approximately 345 km South of Tripoli. The well B1-82/04, drilled in Ghadamis Basin area 82 to a total depth 8,750 feet, encountered hydrocarbons in Ouen Kasa with a net pay 11 feet. The initial production testing from Ouen Kasa established an Oil Rate of 829 bbls/d, Choke Size 32/64 (Inch), Oil Gravity 37.31 API This well represents the second discovery in area 82, which was awarded by NOC in December 2005.
TATNEFT drilled the well as an operator under an EPSA agreement with NOC with interest distributed as Follows: First Party Interest (NOC Libya) 89.5 %. Second Party Interest (TATNEFT) 10.5 % (Operator).
