RWE Dea Scores Two More Oil Discoveries in Libya

RWE Dea continues its exploration success with a sixth and seventh discovery in the Libyan Sirte Basin. Two exploration wells in the concession NC193 encountered oil bearing reservoirs.


The first exploration well, E1-NC193 drilled by the Nabors F16 rig, tested oil at a rate of 704 bbls/day from the Dahra Formation at a depth of 4823 ft. The rig is being released. The second exploration well, F1-NC193 drilled by the rig Ensign#45, encountered oil in the Upper Dahra Formation at a depth of 4418 ft and tested at a rate of 439 bbls/day. The rig is moving to drill the second appraisal well (A3-NC193) on RWE Dea’s first Libyan discovery made in late 2006. For the remainder of the year further appraisal wells are scheduled to delineate the cluster of now five discoveries in the concession NC193 with a view towards bringing them on stream as early as possible.


Following three oil discoveries in the concession NC193 and two in the concession NC195 in the last years, the new two discoveries in NC193 further strengthen RWE Dea’s position in Libya. The country is one of the key regions of RWE Dea’s upstream business, where the company has been operating since June 2003. RWE Dea’s licence acreage in Libya covers a total of more than 40,000 square kilometres over seven concessions combined. The concession NC193 has been awarded to the company in 2003.


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