Libya’s National Oil Corporation (NOC) and Algeria’s Sonatrach Petroleum Exploration and Production Corporation (SIPEX), the operator of Contract Area 95/96 in the Ghadames Basin, announce a new oil and gas discovery from the drilling of exploration well A1-69/02, located 70 km from the Wafa field.
The well was completed to a final depth of 8,440 feet, achieving production rates of 13 million cubic feet of gas and 327 barrels of condensate per day from the Awainat Wanin and Awain Kaza formations.
This is the sixth well drilled by Sonatrach out of eight wells under contractual obligations of the Exploration and Production Sharing Agreement (EPSA) signed in May 2008 between the NOC and Sonatrach.
