Repsol resumes drilling in Murzuq Basin onshore Libya

Putting an end to over a decade-long break, Spain based exploration and production company Repsol has begun drilling operations in the Murzuq Basin in Libya 

Situated around 800 kms from Tripoli and just 12 kms from the country's largest oilfield, Sharara, the company is drilling the A1-2/130 (Neser Prospect) exploratory well. It will test the Memonyat Formation, targetting a final depth of 6,050 ft. 

Back-to-back wins

This adds another feather in Libya's cap following Sirte Oil's promising discovery from the Zelten oilfield. 

With ambitions to double oil production, Libya is also prioritising licensing rounds, inviting both domestic companies and international tenders.