Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

LIBYA

Agoco Makes Significant Gas And Condensate Find In The Ghadames Basin

Libya’s Arabian Gulf Oil Company (Agoco), the wholly-owned and operated subsidiary of the National Oil Corporation (NOC), has made a large gas and condensate discovery in the Ghadames Basin, some 170km west of the Hamada oil field, NOC said in a statement published on 15 December. NOC said that, following production tests, condensate reserves in...