Repsol makes oil discovery in Libya

oilwell libya-mono bustos sxc.huRepsol and its partners OMV and Total have announced that it has discovered oil in the Murzuq Basin onshore Libya

The discovery was made in Block NC115 in the Sahara desert, 800km south of Tripoli, a company statement read.

The Spanish oil explorer said that the well, A1-129/02, was drilled to a total depth of 1,836 metres and produced good oil flows during initial testing.

The well flowed 528 bpd with a choke size of 32/64 inches and a perforated interval of 1,372-1,378 metres in the Mamuniyat formation.

It is the third of eight wells that have been planned to be drilled in the block, which covers 4,400 sq km and has shown "excellent reservoir properties", Repsol added.

Repsol has a 40 per cent stake in the block, while OMV and Total have a 30 per cent stake each.


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