RWE scores third Sirte find
German utility group RWE has made a new oil discovery in Area 195 in Libya's
Sirte basin, its third discovery in about a year.
“This discovery was made at the exploration well B1-NC 195 at Area 195 in
Sirte basin about 800 kilometres east of Tripoli and 100 kilometres south of
Ras Lanuf,” Libya’s National Oil Company (NOC) said in a statement.
Tests showed oil output was at 204 barrels per day at a choke point of 52/64
on the Dahra formation and 840 bpd at a choke point of 32/64 on the Beda
formation.
Previous discoveries made by RWE in the basin were in April and September of
last year.
NOC has a 68% stake in Area 195, with RWE holding the remainder.
05 May 2008 17:02 GMT
| last updated:
06 May 2008 20:12 GMT
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