Libya drills well with encouraging production rates

BENGHAZI: Libya ‌has successfully drilled a well in its Al-Khair oilfield with production ​rates of 3,209 barrels per day and 1.948 million cubic feet of associated gas per day, the state-owned firm NOC said on Thursday.
The NOC said in a ‌statement that ‌the tests ​of ‌the ⁠initial well, ​drilled by ⁠its subsidiary, the Sirte Oil Company for Production and Manufacturing of Oil and Gas, showed a natural flow without the need for artificial lift, “with ⁠encouraging production rates confirming the ‌success ‌of the drilling operations.”
Al-Khair oilfield ​is located ‌in the Sirte basin, ‌and it started production in 2021 with initial rates of 6,000 bpd.
The drilling operation has reached ‌its planned total depth of 9,050 feet, with a reservoir ⁠thickness ⁠of 174 feet, the NOC said.
“The well demonstrated high production capacity, a stable natural flow, excellent oil quality, and a complete absence of associated water during the testing period,” said the NOC.
Libya’s economy relies on oil ​for more ​than 95 percent of its economic output.