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%


United Kingdom >>  6/28/2022 - Baron Oil Plc, the AIM-quoted oil and gas exploration company with projects in SE Asia and the UK, announces that at the Annual General Meeting of the...
Egypt >>  6/27/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Roger Planck, Chairman of the Board of Directors of the American ...

Mongolia >>  6/27/2022 - The AIM-listed Mongolian oil explorer Petro Matad Limited ("Petro Matad" ) releases its audited final results for the fiscal year that ended on Decemb...
Uruguay >>  6/27/2022 - With assets in oil production, appraisal, development, and exploration across the region, Challenger Energy (CEG), an oil and gas company with a focus...

Colombia >>  6/24/2022 - ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC), the National Oil Company of In...
Indonesia >>  6/24/2022 - A Production Sharing Contract (PSC) has been signed with PETRONAS North Ketapang Sdn. Bhd., a subsidiary of PETRONAS, for the North Ketapang Block, wh...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.