31 October 2006
RWE Dea announces first oil discovery in Libya
Hamburg/Tripoli, October 31, 2006 – RWE Dea has discovered oil in its first exploration well in Libya.
The new discovery has been made in the Sirte Basin within NC 193 license which was awarded to RWE Dea under EPSA III conditions in May 2003 as sole shareholder.
The well A1-NC 193 was drilled with the Adwoc Rig 2 and tested 35° API oil with a flowrate of 410 bbl oil per day using a choke size of 32/64" from the Dahra Formation at a depth of 4214 ft.
The successful well is the first in a substantial drilling campaign, which will include at least ten wells to be drilled in RWE Dea's licences NC 193, 194, 195, 196, 197 and 198 with up to three drilling rigs.
The drilling program follows a comprehensive seismic acquisition campaign during which, altogether, 3,200 line-km 2D seismic and 2,400 km2 3D seismic have been acquired in the above mentioned six licences.
The Adwoc Rig 2 is now being moved to the next location B1-NC 193.
Notes to editors
RWE Dea AG, headquartered in Hamburg, conducts international exploration for natural gas and crude oil. The company deploys state-of-the-art drilling and production techniques and utilises the vast expertise acquired over more than 100 years of its corporate history. It has also set standards in terms of safety and environmental protection.
RWE Dea is active in exploration and production as operator and non operating partner in Germany, Egypt, the UK, Norway and Denmark, and holds exploration licenses in Algeria, Libya and Poland. In Germany, RWE Dea also operates high-volume underground storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe's biggest energy corporations.
Contact
Harald Graeser, Head of Corporate Communications
Telephone: +49 (0)40 – 63752511
Mobile: +49 (0)162 – 2732511
Derek Mösche, Press Spokesman
Telephone: +49 (0)40 – 63752670
Mobile: +49 (0)162 – 2732670
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