Hydro Inks Seismic Contract in Libya

Geofizyka Krakow and Hydro signed a contract for 1000 kilometers of 2-D seismic acquisition in Area 146, Hydro's first operating license in Libya.

Hydro signed the contract for Area 146 with the National Oil Cooperation (NOC) of Libya in December last year.

This acquisition is part of Hydro's committed work program for the license, which also includes the drilling of two wells.

Hydro has a 100 percent paying interest for exploration activities during the first exploration period.

Mobilization for the operations is scheduled to take place on November 8th this year. Area 146 is located in the Murzuk Basin approximately 900 kilometers south of Tripoli, not far from the Chad border with Libya. The area is also located close to License 186, which has seen significant exploration success in recent years.

Hydro is a partner in this license together with Total and OMV, while the Operator is Repsol.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Fluid Analysis Specialist
Expertise: Geoscientist
Location: Houston, TX
Geologist II Job
Expertise: Geologist
Location: Oklahoma City, OK
Geologist or Civil / Environmental Engineer
Expertise: Environmental Engineer|Geologist
Location: Baton Rouge, LA
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours