Tatnet pounces on oil at onshore Libyan wildcat

libya_bits_-_TatneftNOC HAS CONFIRMED that on January 28, TATNEFT, its partner in an Exploration and Sharing agreement, reported initial information concerning the exploration well B1-82/04 in Ghadames Basin.

Well B1-82/04, drilled to a total depth 2,667 m and located approximately 345 km South of Tripoli, encountered hydrocarbons in Ouen Kasa with a net pay 3.4 m.
The initial production testing from Ouen Kasa established an oil flow rate of 829 barrels per day, through a 32/64 inch choke, and with an API gravity of 37.31.
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 per cent. Second Party Interest (TATNEFT) 10.5 per cent (Operator).

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?