Gulf Oil and Gas accountACCOUNT

Announcement of Oil & Gas Discovery in Well P1-147/03

Source: www.gulfoilandgas.com 12/7/2010, Location: Africa

NOC announced that the Libyan Investment Authority (LIA) & Medco International Ventures Limited being partners in an Exploration and Sharing agreement, report initial information concerning the exploration well P1-47/02 New Field Wildcat in Ghadamis Basin. The well is located approximately 200 km Southwest of Tripoli. The well P1-47/02, drilled in Ghadamis Basin area 47 to a total depth 10,510 feet, encountered hydrocarbons in Memouniat and Lower Acacus Formations.

In Memouniat Formations the well is tested with a flow rate 94 bbls/d of oil and 3.34 mmcf/d of gas at 28/64 choke, the API is 56.8.and in Lower Acacus Formations tested with a flow rate 218 bbls/d of oil and 7.83 mmcf/d of gas at 28/64 choke, the API is 62.

This well represents the Sixteenth discovery for exploration activity in the area 47.

Libyan Investment Authority (LIA) & Medco International Ventures Limited as an operator under an EPSA agreement with NOC of the Great Socialist People’s Libyan Arab Jamahiriya with interest distributed as Follows:

- First Party Interest:
(NOC Libya) 86.3 %.
- Second Party:
(Libyan Investment Authority / LIA) 6.85%.
(Medco International Ventures Limited) 6.85%

Exploration News in Libya >>

Brazil >>  1/14/2019 - Petroleo Brasileiro SA - Petrobras reports that it formally expressed to the National Energy Policy Council (CNPE) interest to exercise the pre-emptio...
India >>  1/6/2019 - India's Directorate General of Hydrocarbons (DGH) plans to launch the Open Acreage Licensing Programme Bid Round-II on Monday Jan 7th in New Delhi, ac...

Equatorial Guinea >>  1/5/2019 - Ophir has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas...
Lebanon >>  1/3/2019 - The round is scheduled for official launch this month, with a window for prequalification from January to April 2019. PGS has seismic data that will a...

Gabon >>  12/27/2018 - - In Cameroon, the National Hydrocarbons Corporation announced the launching of a Licensing Round for eight blocks namely, Bomana, Bolongo and Bakassi...
Ghana >>  12/24/2018 - Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country’s first exploration...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Libya Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Libya >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.