Sunday 2 September 2012

NEW OIL/GAS DISCOVERY in LIBYA

ImageArabian Gulf Oil Company which is a wholly owned by NOC reports that it has drilled the F1-NC4 New Field Wildcat well to a total depth of 10,300 feet. The well is located in Ghadames Basin approximately 150 km Southwest of Tripoli City.

The initial production testing from Memouniat, Lower Acacus & Middle Acacua established an oil & gas flow as follows:



Well Name
Formation
Tested Interval
(feet)
net pay
(feet)
Choke Size
(Inch)
Oil Rate
bbls/d
Gas rate
MMCF/D
Oil Gravity
API
F1-NC4
Memouniat
10,000-10,020
20
½
38
Condensate
6.840

62

Lower Acacus
8,972-8,983
11
½
1,248
0.999

37

8,298-8,306
8
½
888
0.440

38

8,111-8,119
8
½
1,050
1.012

39

Middle Acacus
7,748-7,759
11
½
1,247
1.620

39

7,701-7,713
12
½
937
3.786

39



Source: NOC website

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