01 October 2008
8th oil discovery for RWE Dea in Libya
Tripoli, 1 October 2008 – RWE Dea's exploration success has reached a total of six dis-coveries in Concession NC 193. The well G1-NC 193 encountered oil in the Upper Satal Formation at a depth of 4631 to 4661 ft.
RWE Dea's New Field Wildcat G1-NC193 tested oil with a quality of 33.8 degrees API at a net rate of 426 bbls/day. This discovery is the latest in a string of eight during the last two years – six in Concession NC193 and two in Concession NC195. It is located in the eastern vicinity of the previous B1 discovery, where already two appraisal wells have been drilled.
Further appraisal wells are scheduled to delineate the cluster of now six discoveries in con-cession NC193 with a view towards bringing them on stream as early as possible.
The concession NC193 was awarded to RWE Dea in 2003. Libya is one of the key regions of RWE Dea's upstream business, where the company has been operating since June 2003. RWE Dea's licence acreage in Libya covers a total of more than 40,000 square kilometres over seven concessions combined.
Contacts:
Derek Mösche, Press Spokesman Telephone: +49(0)40 – 63 75 2670 Mobile: +49(0)162 – 273 2670
Carolin Reese, Press Officer Telephone: +49(0)40 – 63 75 2484 Mobile: +49(0)162 – 273 2484
Background information
RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and petroleum. The company deploys state-of-the-art drilling and production technologies and puts its many years' experience acquired to good use in its activities. RWE Dea has set new standards in the fields of safety and environmental protection.
RWE Dea has stakes in production facilities and concessions in Germany, the UK, Norway, Denmark and Egypt and holds exploration concessions in Algeria, Libya and Poland. More-over, in Germany RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe's largest energy utilities.
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