A new oil discovery in Sirte Basin
4/15/2014

Arabian Gulf Oil Company (AGOCO) is a fully owned by NOC has drilled the FF2-47 well to a total depth of 7270 feet and tested oil from the Lidam Formation. The well is located in Sirte Basin approximately 80 km south west of Marada Town.
The initial production test flow rates from the Lidam Formation are as follows:

 

Well Name
Formation
Tested Interval
(feet)
Choke Size
(Inch)
Oil Rate
bbls/d
Oil Gravity
API
FF2-47
Lidam
6776-6790
6800-6820
32/64
1900
27
Note:
The FF1-47 exploration well was drilled in 1971 and the results were not encouraging where only 65 bbls of oil were recovered and hence it was not considered as a discovery at the time.
c
 published April 14, 2014