NOC Approves Development Plan For Elephant Field
Libya痴 National Oil Corporation (NOC) has approved thedevelopment of the Elephant field in block NC-174 in the Murzuk Basin,according to a statement issued by Lasmo of the UK on 25 February. Lasmo, asoperator, drilled four appraisal wells in 1998 on the Elephant field. Grossfield reserves were increased by 185mn barrels to 561mn barrels. Firstproduction is expected in the year 2000 at an initial rate of 50,000...