NOC Discovery Located On Agoco-Operated Block NC-4
The Chairman of the National Oil Corporation (NOC) Shukri Ghanem on 12 March elaborated on an announcement made earlier this month concerning a large oil discovery by the Arabian Gulf Oil Company (Agoco – MEES, 12 March). Mr Ghanem said the discovery was in Block NC-4 in the Ghadames Basin, adding that the new wildcat well, some 250km south of Tripoli, was drilled to a depth of 10,500ft, a point in the middle of the Akakus formation. Well A-NC4 tested at a flow rate of 15,933 b/d of crude oil and 14mn cfd of associated gas on a 1.5in choke. NOC said preliminary leads indicated an important discovery and further tests were being performed to determine overall reserves as well as recoverable reserves.
Company Name Changes
NOC on 12 March said several foreign operating companies working in Libya had changed their names: Repsol Oil Operations would become Akakus Oil Operations; Veba Oil Operations, Al-Harouj Oil Operations; Eni Gas, Mellitah Gas; and Total Oil, Al-Mabrouk Oil.
