Repsol YPF group finds more oil on Libya's NC-115

Feb. 16, 2006
A group led by Repsol YPF SA reported its seventh discovery on Block NC-115 in the Murzuk basin 800 km south of Tripoli.

By OGJ editors
HOUSTON, Feb. 16 -- A group led by Repsol YPF SA reported its seventh discovery on Block NC-115 in the Murzuk basin 800 km south of Tripoli.

The well, which produced 2,300 b/d of light crude, is near late 2005 discoveries that produced 2,060 boe/d and 4,650 boe/d, respectively.

Repsol YPF is operator with 32% interest. Other participants are Libyan National Oil Corp., OMV AG, Total SA, and Norsk Hydro AS.

Repsol YPF-operated production in Libya averaged 240,500 b/d last year. Current production from NC-115 is 200,000 b/d.