Middle East Economic Survey

VOL. LII

No 36

7-Sep-2009

LIBYA

NOC Announces Oil Discovery In Ghadames Basin 

Libya’s National Oil Corporation (NOC) on 31 August announced that its wholly-owned subsidiary Arabian Gulf Oil Company (Agoco) had discovered oil with the B1-NC4 new field wildcat well in the Ghadames Basin, 190km south of Tripoli. The well was drilled to a total depth of 10,500ft and Agoco reported oil flows from intervals in the Lower Acacus and Mamouniyat...