NOC declared on Monday 3/8/2008 that Arabian Gulf Oil Company (AGOCO) had made a new oil discovery in the well D1-NC129 (New Field Wildcat well) in Slouq Depression Basin.
The total depth of the well is 8,500 feet and it is located approximately 100 km South of Benghazi City and 25 km Northeast of Zueitina Oil Terminal.
An initial production test, of the Paleocene Dolomite Rocks at a depth of 7,504 feet produced the following rates:
Arabian Gulf Oil Company (AGOCO) is wholly owned company by National Oil Corporation (NOC).
Tags:
Arabian Gulf Oil Company,
National Oil Corporation of Libya
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