Refiner Hellenic Petroleum reported Thursday a new gas discovery in Libya, with an expected production of 11.0 million standard cubic feet of gas per day.
Hellenic Petroleum participates in a joint venture with a 20% stake in an exploration and production sharing agreement. Woodside Energy holds a 45% share and the remaining 35% is in Repsol Exploration Murzuq hands.
Wireline log data indicated the potential of several separate hydrocarbon bearing zones.
Woodside Energy drilled the well, which is located in Murzuq Basin approximately 1000 kilometers south of Tripoli, as an operator under EPSA3 with the National Oil Corporation of Libya. The drilled well B1-NC210 reached a total depth of 1113 meters.
The recoverable reserves are under evaluation.