Libya has successfully drilled a well in its Al-Khair oilfield with production rates of 3,209 barrels per day and 1.948 million cubic feet of associated gas per day, the state-owned firm NOC said .
The NOC said in a statement that the tests of the initial well, drilled by its subsidiary, the Sirte Oil Company for Production and Manufacturing of Oil and Gas, showed a natural flow without the need for artificial lift, “with encouraging production rates confirming the success of the drilling operations.”
Al-Khair oilfield is located in the Sirte basin, and it started production in 2021 with initial rates of 6,000 bpd.
The drilling operation has reached its planned total depth of 9,050 feet, with a reservoir thickness of 174 feet, the NOC said.
“The well demonstrated high production capacity, a stable natural flow, excellent oil quality, and a complete absence of associated water during the testing period,” said the NOC.
Libya’s economy relies on oil for more than 95% of its economic output.
Source: Reuters
