No. 46



Red Sea Oil Spuds New Test Well In Block NC-177

The Vancouver-based Red Sea Oil (RSO) Corporation announced on 7 November that it hadspudded a new test well in Libya's onshore block NC-177 in the Sirte Basin. The well,B1-NC-177, is located on the En Naga prospect and is expected to take 43 days to reach adepth of 8,500 feet in order to test the Beda level. RSO also announced that it had begungeological and geophysical studies in the eastern extension of...