According to Libya's National Oil Corporation, its wholly owned Arabian Gulf Oil Company has drilled the B1-NC4 New Field Wildcat well to a total depth of 10,500 feet and has announced the discovery of oil.
The B1-NC4 well is located in the Ghadames Basin, onshore Libya, approximately 190 km south of Tripoli.
The initial production testing from Lower Akakus Formation established an oil flow as follows:
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