Middle East Economic Survey


No 17



Repsol-YPF Confirms Its First Offshore Discovery In Libya

Repsol-YPF has confirmed its first offshore discovery in Libya, in Block NC 202 in the Gulf of Sirte, after it was announced by the countrys state-run National Oil Corporation (NOC) earlier this month. The Spanish firm said initial production tests at depths of 1,354-1,367ms flowed 26 API oil at a rate of 1,264 b/d and gas at 16,400 cmd. The well, reaching a total depth of 4,829ms...