VOL. XLI

No. 04

26-January-1998

LIBYA

Red Sea Oil And Sands Petroleum Announce Commercial Oil Discovery In Libya's BlockNC-177

The Vancouver-based Red Sea Oil (RSO) corporation and its partner Sands Petroleum AB ofStockholm announced on 19 January the discovery of commercial quantities of crude oil at atest well in Libya's onshore block NC-177. The results of three out of five drillstemtests at well B1-NC-177 produced a combined flow rate of 5,789 b/d. The first test wascarried out at the Beda...