Middle East Economic Survey


No 8



Repsol Reports Seventh Oil Discovery In Libyas Block NC 186

Spains Repsol YPF on 16 February reported its seventh crude oil discovery on Block NC 186 in Libyas Murzuq Basin. Tests on the K1-NC 186 discovery well showed a flow rate of 2,300 b/d of high quality oil. The well is located some 800km south of Tripoli, near two discoveries made at the end of 2005 (MEES, 14 November 2005). Repsol holds 32% in the license and other...