LIBYA - The Ghadames Basin.Basement in Libya rises to crop out in the south and south-west. In the western part of the country the Ghadames elements seen in Algeria and Tunisia cross into Libya. Among interesting discoveries in Libya close to the Algerian border is the Al Wafaa gas/condensate field. The field was found in 1991 by the state-owned National Oil Co. (NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ) and is an extension of Alrar gas field in Algeria. Al Wafaa is estimated to have recoverable reserves of 100m barrels of condensates and 2,000 BCF BCF Billion Cubic Feet
BCF Bioconcentration Factor
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BCF Boeing Converted Freighter of natural gas. The field, being developed jointly by NOC and Agip, will be one of the sources of gas to be exported to Italy by pipeline.
Early exploration by foreign companies in the Ghadames Basin resulted in small oil finds which were not developed, for lack of infrastructure. In the 1970s, NOC discovered several oilfields in the Hammadah Al Hamra Al Hamra (Arabic: الحمراء) is a 400-year-old town in the region Ad Dakhiliyah, in northeastern Oman. It is home to the mountainside village of Misfat Al Abryeen. plateau. Although they were small, the fields were close to one another and this warranted their development by NOC. The oil is reservoired in Palaeozoic sandstones.
Another petroliferous Petroliferous is a word used to describe a rock or geologic formation containing or yielding petroleum.
See Bituminous rocks province has been established in the south-west of that region extending from the Palaeozoic Illizi Basin of Algeria. Oil is reservoired in Palaeozoic sandstones sourced from the same prolific Silurian shales which have contributed so much oil in North Africa. There are traps in that region which occur in folded and faulted structures, as in the case of the Hammada Al Hamra Basin to the north.
The Murzuk Basin: Separated from Ghadames by the Qarqaf uplift, the Murzuk Basin lies in a remote province formerly called Fezzan. It is about 800 km south-west of the Libyan coast. Early geological surveys The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information.
A geological survey there point to a strong possibility of reserves of up to 12,000m barrels of oil equivalent, of which 83% are likely to be gas. Al Sharara field there is a giant, found in 1985 by Rompetrol of Romania which then said its recoverable reserves were about 2 bn barrels. In late 1993, NOC said its recoverable reserve exceeded 5 bn barrels. The field, operated by Repsol/YPF, came on stream in late 1996 and will be producing up to 250,000 b/d eventually. Another Murzuk giant, Elephant field The Elephant field (also known as the El Feel) is an oil field located in onshore in Libya's Murzuq Basin. History
In October 1997, an international consortium led by British company Lasmo, along with Eni (33%) and a group of five South Korean companies, announced that it , was found in October 1997 by Lasmo of the UK and should be producing 150,000 b/d by 2004/05 (see Part 2).
Most Murzuk fields have a Palaeozoic reservoir similar to that of Illizi in Algeria. A northern extension was found in the 1980s by a Bulgarian firm but this failed to develop the structure because it lacked the funds and in 1996 its rights were sold to Canadian Occidental oc·ci·den·tal or Oc·ci·den·tal
Of or relating to the countries of the Occident or their peoples or cultures; western.
A native or inhabitant of an Occidental country; a westerner.
Noun 1. . The oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints.
Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally there were originally estimated at about 600m barrels.
Repsol/YPF has made several important oil discoveries in Blocks NC-186 and NC-190 in this basin (See Repsol profile in Part 2).