Libya's National Oil Corporation (NOC) and Sonatrach Petroleum Exploration and Production Corporation Libya Branch (SIPEX), the operator of Contract Area 95/96 in Libya’s Ghadames Basin, have announced a new oil and gas discovery. The find follows the drilling of the A1-69/02 exploration well, located 70 km from the Wafa field.
The well was completed to a final depth of 8,440 feet and is delivering production rates of 13 million cubic feet of gas and 327 barrels of condensate per day from the Awynat Wanin and Awyn Kaza formations.
This is the sixth well drilled by Sonatrach out of eight planned under the Exploration and Production Sharing Agreement (EPSA) signed in May 2008 between NOC and Sonatrach.
Source: National Oil Corporation
