Turkish producer TPAO is weighing up its Libyan plans after making a fifth oil find in Area 147/3-4 in Libyas Murzuq basin.
p>Turkish producer TPAO is weighing up its Libyan plans after making a fifth oil find in Area 147/3-4 in Libyas Murzuq basin.
The Turkish player is planning a massive exploration drive in the coming six months, its Libyan exploration head told Upstream today.
The move follows a Libyan National Oil Corporation (NOC) announcement that the C1-147/03 wildcat, which was drilled to a total depth of 8328 feet, hit 143 feet of oil pay in the Memouniat formation.
TPAO has finished workover and production testing of the well, flowing 1845 barrels of 33.3 degree API oil per day via a 32/64 inch choke.
Ahmet Tandircioglu, who heads TPAO's Libyan exploration unit, told Upstream in an email that C1 was the first well in a planned workover and production testing campaign.
"We will continue workover operations, with the B1-147/3 well being next," he said, adding that the state-run player intends to spud 10 further exploration probes by the end of the year.
Appraisal wells are also planned to determine the field size and commerciality. Once the appraisal programme is complete, TPAO will weigh up its development options.
It is understood that the field could be brought on stream quickly, as it is close to existing infrastructure. TPAO's finds lie just 120 kilometres to the south-east of the El-Sharara oilfield.
TPAO was awarded the concession, in Fezzan province, in the EPSA IV Bid Round II in 2005. It holds 100 per cent of the licence.
All five wells drilled on the concession - A1-, B1-, C1-, D1-, E1-147/3 - have resulted in oil discoveries.
A declaration on the B1 well is expected in the coming weeks.
