Arabian Gulf Pounces on Oil at B1-NC4 Wildcat in Libya

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:

Well Name Formation Tested Interval (feet) Net Pay (feet) Choke Size (Inch) Oil Rate (bopd) Gas Rate (MMcfd) Oil Gravity (API)
B1-NC4 Lower Acacus



13 32/64 1887 0.6 41
  Lower Acacus



15 32/64 2125 0.76 40
  Mamouniyat 10062-10082 20 32/65 600 cond. 4.8 55