Middle East Economic Survey


No 41



Repsol Reports New Oil Discovery In Block NC186

Spains Repsol YPF on 3 October announced that it had discovered oil at Well I-1 in Block NC186, located in the Murzuq Basin. Repsol, operator with a 32% stake, said light crude was discovered at a depth of 1,717ms and flowed at a rate of 2,060 b/d of 40 API crude. Other participants in the block include Libyas National Oil Corp (NOC), Total of France, Hydro of Norway and Austrias OMV....