No. 21



Repsol Announces Third Discovery In Block NC-186

Repsol YPF announced on 17 May that it has discovered oil at its A-2 well in Libyas NC-186 block, its third discovery in the 4,300 sq km concession in six months. A company statement said the A-2 well "found a significant oil column in the middle Ordovician sandstone of the Hawaz formation. Flow rates of up to 2,670 b/d of oil (41 API) with a 64/64in choke on natural flow have been reported from the well...