Middle East Economic Survey


No 6



Tatneft Makes Second Oil Discovery In Ghadames Basin

Libyans National Oil Corporation (NOC) announced on 31 January that Russias Tatneft has made an oil discovery with exploration well B1-82/04 on Area 82s Block 4, in the Ghadames Basin of western Libya. The oil company discovered hydrocarbons with net pay of 11ft, said NOC. The well was drilled to a depth of 8,750ft into the Ouen Kasa formation, with initial production testing flowing...