Hellenic Petroleum Announces New Gas Discovery in Libya
Source: www.gulfoilandgas.com 10/15/2006, Location: Africa
Hellenic Petroleum S.A. reports a gas discovery in the well B1-NC210. The well, drilled by Woodside Energy (NA) Ltd., is located in Murzuq Basin approximately 1000 Km south of Tripoli and 150 Km south of the producing Al Wafa Gas Field. The drilled well reached a total depth of 1113 meters.
Wireline log data indicated the potential of several separate hydrocarbon bearing zones. A production test of the deepest zone confirmed the presence of a gas column and flowed 11.0 million standard cubic feet of gas per day (MMscfd) through a 56/64 inch choke.
Woodside Energy (N.A.) drilled the well as an operator under the EPSA3 with the National Oil Corporation of Libya.
Interests in Exploration and Production Sharing Agreement and the associated joint venture are:
Woodside Energy (N.A.) Ltd. 45% (Operator)
Repsol Exploration Murzuq 35%
Hellenic Petroleum S.A 20%
The recoverable reserves are under evaluation.
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