NOC and Sonatrach announce new oil and gas find in Ghadames Basin.
The 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 well represents the sixth out of eight wells committed by Sonatrach under the Exploration and Production Sharing Agreement (EPSA), signed in May 2008 between the National Oil Corporation and the consortium comprising Sonatrach (operator), Oil India Limited, and Indian Oil Corporation Limited.