VOL. XLII

No. 02

11-January-1999

LIBYA

New Oil Find For Repsol

Spains Repsol announced on 5 January a new oil discovery in blockNC115, located in the Murzuk Basin in southwestern Libya. The exploratory well M1 testedat 2,500 b/d of 43ยบ API crude. According to a company statement, this daily productioncould be tripled by the installation of a suitable pumping system. Moreover, the proximityof the new deposit to the Essharara field facilities will make it possible to startproduction within three...