RWE Dea Finds Oil in Libya with First Exploration Well



RWE Dea has discovered oil in its first exploration well in Libya.

The new discovery has been made in the Sirte Basin within NC 193 license which was awarded to RWE Dea under EPSA III conditions in May 2003 as sole shareholder.

The well A1-NC 193 was drilled with the Adwoc Rig 2 and tested 35° API oil with a flowrate of 410 bbl oil per day using a choke size of 32/64" from the Dahra Formation at a depth of 4214 ft.

The successful well is the first in a substantial drilling campaign, which will include at least ten wells to be drilled in RWE Dea's licenses NC 193, 194, 195, 196, 197 and 198 with up to three drilling rigs.

The drilling program follows a comprehensive seismic acquisition campaign during which, altogether, 3,200 line-km 2D seismic and 2,400 km² 3D seismic have been acquired in the above mentioned six licenses.

The Adwoc Rig 2 is now being moved to the next location B1-NC 193.

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