|
|
Article: LIBYA - The Fields.
- Article from:
- APS Review Oil Market Trends
- Article date:
- July 9, 2007
CopyrightCOPYRIGHT 2007 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
There are 12 oilfields in Libya with reserves of more than 1 bn barrels in each. The fields of NOC are mainly in the Sirte Basin, the most prolific oil province covering the north-central and north-eastern parts of Libya. There are another two fields with 500m to 1 bn barrels each.
NOC holds 51% in North African Geophysical Exploration Co. which started up in August 1988 and does extensive work. The 49% partner is Western Geophysical Co. (WGC) of Calgary, a unit of Dresser Atlas Co. of Houston.
An important unit at NOC, the National EOR Committee formed in 1981, assesses the full potential of Libya's oilfields and oversees EOR projects. The first EOR ...