Libya drills well with encouraging production rates

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