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RWE Dea Makes New Oil Discovery in Sirte Basin in Libya

10-16-2007

NOC Libya announced that the German Company RWE Dea – North Africa, a party to an EPSA 3 agreement concluded with NOC, has made a new oil discovery in the exploration well (C1 NC-193) at Area 193 in Sirte Basin (around 700 kms east of Tripoli, 150 kms south west of Ras Lanuf).

The average daily production upon test amounted to 393 b/d at a choke of (32/64) inches and with a gravity of 36 API, from the calcium carbonate formation (Gir-Houn) at a depth of 878 meters.