Middle East Economic Survey


No 46



NOC Announces Three Waha Oil Discoveries In Libyas Sirte Basin

Waha Oil Company has made three light oil discoveries in Libyas Sirte Basin, the National Oil Corporation (NOC) announced on 7 November. The 6R1-59 exploration well, drilled to a total depth of 11,400ft and located 70km southeast of Gialo, tested oil from two formations, flowing 1,023 b/d from the Lidam formation and 577 b/d from the lower Nubian formation. The 6P1-59...