×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Libya | Oil | Spain | Repsol

Spain's Repsol Announces Major Oil Find in Libya

Monday, 21 October 2013 09:38 AM EDT

Spain's oil company Repsol has announced a high quality light oil find in Libya's Sahara Desert.

Repsol says the find was made in the Murzuq basin, located 800 kilometers (500 miles) south of the Libyan capital, Tripoli.

The company says in a statement Monday that the well was drilled to a total depth of 1,836 meters (3,280 feet) and has produced good oil flow during initial testing. It says the well gave 513 barrels of oil per day.

It's the third of eight wells that the Madrid-based company will drill in the 4,400 square kilometer (1,699 square mile) desert area.

Major international oil companies that operated in Libya before the 2011 uprising against Moammar Gadhafi have been working to restore the oil fields amid continued unrest in the country.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
Spain's oil company Repsol has announced a high quality light oil find in Libya's Sahara Desert.
Libya,Oil,Spain,Repsol
129
2013-38-21
Monday, 21 October 2013 09:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved