Middle East Economic Survey


No 35



Russias Tatneft Strikes Oil In Libyas Ghadames Basin

Libyas National Oil Corporation (NOC) on 25 August announced that Russian oil company Tatneft had made an oil discovery at the A1-82/04 well in Area 82 in the Ghadames Basin in western Libya. NOC said the new field wildcat well was drilled to a depth of 8,605ft and that it had discovered 36ft of net pay in the Ouan Kasa formation at a depth of around 5,900ft. The well tested 40 API...