Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

LIBYA

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...