LIBYA: AGOCO Finds Some In the Ghadames - Africa’s premier report on the oil, gas and energy landscape.

LIBYA: AGOCO Finds Some In the Ghadames

Libya’s state hydrocarbon company NOC has announced a new oil and gas discovery that its partner the Arabian Gulf Oil Company (AGOCO) made Ghadames Basin. The well is located approximately 500 kilometers south of Tripoli and 170 kilometers west of the Hamada oil field.

The wildcat D1-NC7A, well encountered multiple shows from three levels of reservoir formations. At a depth of 2522 to 2530 metres in the Upper Acacus sandstone formation, tests flowed oil at a rate of 668 BOPD and 22.5 MMcf/d of natural gas. At a vertical depth of 2724 to 2720 metres in the Middle Acacus sandstone formation, tests showed oil flowing at a rate of 500 BOPD and 21.1 MMcf/d of natural gas. In the Lower Acacus sandstone formation with vertical depths ranging from 2752 to 2884metres, multipe tests showed oil flowing from a rate of 790 BOPD to 1,251 BOPD and gas flowing at a rate of 27.6 MMcf/d to 28.9 MMcf/d. All oil has measured 64.4 degrees API.

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