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...
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