25 September 2007
RWE Dea continues exploration success in Libya
Hamburg/Tripolis 25 September 2007 – RWE Dea continues exploration success with a third oil discovery in the Sirte Basin. Following the two oil discovery wells in NC 193 concession, the first discovery in NC195 further strengthens RWE Dea's oil position in Libya. The exploration well A1-NC 195, drilled by the rig KCA Deutag T19, hit a structure containing two oil pools in Dahra Formation at a depth of 1353m and Beda formation at a depth of 1457m. Subsequent production tests successfully established an oil flow of 1,981 bbls/d in total through a choke size of 32/64". Further appraisal activities are required to delineate anticipated reserves and establish the feasibility of an economical development.
The concession NC195 is the second successfully drilled Sirte license out of three. RWE Dea's licence acreage in Libya covers a total of 30,000 sqkm in all together six concessions combined, which have been awarded to the company by the National Oil Corporation of Libya in May 2003. RWE Dea is the Operator with a 100% participation interest in the project.
The current drilling campaign in RWE Dea's license portfolio is targeting further promising prospects for hydrocarbons and the appraisal of the already encountered volumes. Three drill-ing rigs are under contract to drill at least seven additional wells in the Concessions NC193, NC194, NC195 and NC197.
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
Note to editors
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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