Libya's National Oil Corporation and Algeria's Sonatrach announce new oil and gas discovery in Ghadames Basin
via Libya Herald1 min read
Libya's National Oil Corporation NOC and Algeria's Sonatrach Petroleum Exploration and Production Corporation SIPEX have announced a new oil and gas discovery in the Ghadames Basin. The discovery was made from the exploration well A1-69/02, located 70 km from the Wafa field. The well, drilled to a final depth of 8,440 feet, achieved production rates of 13 million cubic feet of gas and 327 barrels of condensate per day from the Awainat Wanin and Awain Kaza formations. This marks the sixth well drilled by Sonatrach as part of the contractual obligations of the Exploration and Production Sharing Agreement EPSA signed in May 2008 between the NOC and Sonatrach.
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