Libya’s state-owned National Oil Corporation (NOC) announced that its subsidiary Sirte Oil has discovered a well with the potential to produce 16.8 million cubic feet of gas per day.
The announcement – made on April 9 – follows successful drilling operations in exploratory well W, W, 1-6, southeast of the Al-Lahib Field.
The drilling operations reached a final depth of 8,666 feet and showed a choke size of 48/64 inches.
In addition to gas, the discovery also shows the potential for the well to produce 646 barrels of oil per day with a specific density of 49 API.
The discovery falls in line with Libya’s efforts to increase oil and gas production rates. The NOC plans to ramp up production to two million barrels of oil per day (bpd) by 2030, targeting 2.3 million bpd by year-end.
