Patience, persistence preceded Elephant discovery in Libya

G. Alan Petzet Exploration Editor A rig drills for a Lasmo group on Block NC174 in the Murzuk basin about 1,000 km south of Tripoli. Lasmo Group's drilling on Libya block NC174 [96,904 bytes] F field base Silurian [61,256 bytes] The well that Lasmo plc explorers deemed to be the least likely in the 1997 program to succeed is the well that discovered a 500 million bbl oil field on the Elephant prospect in the remote Murzuk basin. Substantial opportunities exist for oil and gas companies in Libya, said Mike Buck, business managing director, Lasmo Grand Maghreb Ltd. Buck addressed a conference on Libya in Geneva la...

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