Libya Makes New Gas Discovery

Libya’s National Oil Corporation (NOC) has announced new gas discovery in the Ghadames basin, about 650 kilometers (404 miles) southwest of Tripoli.

NOC, Sonatrach, Oil India, and Indian Oil are part of the consortium in an Exploration and Production Sharing Agreement (EPSA IV) in area 95/96 in Ghadames Basin signed in May 2008, NOC said in a statement.

The well B1-96/01 flowed at a rate of 12 million cubic feet per day of gas through 64 and 32 inch chokes in the Tadrart formation.

The well is the third discovery well in this contract area.

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