Hellenic Petroleum & Partners Make Gas Discovery in Libya

Hellenic Petroleum reports a gas discovery in well B1-NC210 in Libya. The well, drilled by Woodside Energy (NA) Ltd., is located in Murzuq Basin approximately 1000 Km south of Tripoli and 150 Km south of the producing Al Wafa Gas Field. The well reached a total depth of 1113 meters.

Wireline log data indicated the potential of several separate hydrocarbon bearing zones. A production test of the deepest zone confirmed the presence of a gas column and flowed 11.0 million standard cubic feet of gas per day (MMscfd) through a 56/64 inch choke. Woodside Energy (N.A.) drilled the well as an operator under the EPSA3 with the National Oil Corporation of Libya.

Interests in Exploration and Production Sharing Agreement and the associated joint venture are Woodside Energy (N.A.) Ltd. as operator with 45%; Repsol Exploration Murzuq with 35%; and Hellenic Petroleum S.A with 20%

The recoverable reserves are under evaluation.