Repsol makes oil discovery in Libya's Murzuq basin

Repsol makes oil discovery in Libya's Murzuq basin

TRIPOLI: Repsol has made a high-quality light oil find (40º API) in Libya’s Murzuq basin. The find was made in block NC115 in the Sahara desert, 800 km south of Tripoli.

The discovering well, called A1-129/02 was drilled to a total depth of 1,836 m and has produced good oil flows during initial testing. The well flowed 528 bopd with a choke size of 32/64 in. and a perforated interval of 4,502-4,522 ft in the Mamuniyat formation. It is the third of eight wells that the company will drill in this block, which covers 4,400 sq km and which has shown excellent reservoir properties.

Following the good results obtained, Repsol will continue with the exploratory campaign which began in 2013 and which will continue through the end of 2015. Repsol operates the block with a 40% stake, accompanied by Austria’s OMV and Total of France, each with a 30% share.

During 2013, Repsol has already made other valuable oil discoveries, in Brazil, Alaska (U.S.) and Russia, and has brought online production from new fields in Brazil, Russia, Oklahoma (U.S.) and Bolivia.