Libya: Total makes new oil discovery
Total and partners Repsol YPF (operator), OMV and Saga have made a seventh oil discovery in Libya’s Block NC 186, in the Murzuq Basin 800 kilometres south of Tripoli.
During production testing, the K1 well flowed at a rate up to 2,300 barrels of oil per day.
Three of the previous discoveries on the Block NC 186 have already been developed.
All the discoveries are near to the El Sharara field in block NC 115 which produces around 200,000 barrels per day of low sulphur light oil and in which Total holds a 30% stake in the foreign consortium.
This latest discovery strengthens Total’s position in Libya, where the Group is operator of the Al Jurf offshore field and of the Mabruk field in the Sirte Basin as well as a number of exploration permits.