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Home Business

New oil and gas discoveries

byMichel Cousins
April 16, 2014
Reading Time: 1 min read
A A

By Ahmed Elumami.

Tripoli, 14 February 2013:

The Minister of Oil . . .[restrict]and Gas, Abdulbari Al-Arusi, announced today, Thursday, that the Algerian state oil company Sonatrach had discovered a oil field and gas deposits in the Ghadames Basin,  according the official website of the National Oil Corporation.

The discoveries were made in Areas 95/96.

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Sonatrach owns significant exploration rights in the Ghadames Basin near the Algerian-Libyan border. It announced its plans to move ahead with drilling in Areas Nos. 95/96 last October.  It made its third oil find at its Area No. 65 concession further north in Ghadames Basin in late September.

Arusi said that the capacity of the new oil field was 8,200 b/d and the capacity of the new gas field is about 1,700 cubic litres per day.

Sonatrach resumed exploratory drilling operations in Libya at the end of June 2012, after more than a year’s inaction because of the revolution. [/restrict]

Tags: Abdulbari ArusialgeriabasingasghadamesNOCoiloil ministerSonatrach

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