September 5, 2008
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Home / News / Today's Headlines / RWE Dea Discovers Oil Field in Libya

06.05.2008

RWE Dea Discovers Oil Field in Libya

NOC Libya announced that the German Company RWE Dea – North Africa, a party to an EPSA 3 agreement concluded with NOC, has made a new oil discovery in the exploration well (B1 NC-195) at Area 195 in Sirte Basin (around 800 kms east of Tripoli, 100 kms south of Ras Lanuf). The average daily production upon test as follows:

 FormationsDepth (meter) Choke (inches) Oil rate (bbl/d) Gas rate (mmcf/d) Oil Gravity (API) 
 Dahra1581 52/64  20415.4 63.2 
 Beda 1691 32/64840  n/a 57.6

Under the above mentioned EPSA Agreement, The share of NOC is 68% while the share of RWE is 32%.

Source: NOC Libya 

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