Friday, June 8, 2012

Libya's National Oil Corporation Discovers New Oil Field

Libya's National Oil Corporation (NOC) has announced that the Arabian Gulf Oil Company (AGOCO), wholly owned by the NOC, has drilled the D1-NC8 new field wildcat well to a total depth of 7,020 feet.

Libya's National Oil Corporation (NOC) has announced that the Arabian Gulf Oil Company (AGOCO), wholly owned by the NOC, has drilled the D1-NC8 New field wildcat well to a total depth of 7,020 feet.

The well is located in Ghadames Basin approximately 400 km south of Tripoli City.

The initial production testing from Tahara, Ouan Kasa & Memouniat formations as follows:

Copyright 2012 UMCI News - United Mediterranean Council of Industries Syndigate.info, Al bawaba.com All Rights Reserved

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