VOL. XXXVIII

NO. 46

14-AUGUST-1995

Libya

IPC Abandons Exploration Well In Libya

The Vancouver-based International Petroleum Corporation (IPC) announced on 28July that owing to the poor results achieved in its exploration well in BlockNC-176 in Libya's Sirte Basin, it has decided to plug the well and abandon it.According to IPC, the well was drilled vertically to a depth of 11,200 feet andpenetrated a large reefal structure previously identified from seismicinterpretations. Total depth was reached...