Spain’s Repsol has made Libya a focal point of its 2014 exploration drive, in spite of the ongoing disruptions to oil exports that are keeping the bulk of the country’s production offline. Repsol aims to sink six exploration wells into Libyan soil in 2014, with six more to follow in 2015, according to a 29 January presentation on its exploration activities. Repsol’s activities will be spread across the NC-115 and the NC-186 Murzuq Basin blocks in which it holds an operating stake.
A consortium also comprising of Total and OMV has already commenced exploration work at NC-115, spudding three wells in 2013. A further well is planned for 2014, but the bulk of drilling will be on the adjacent NC-186. Here Respol is planning five wells and is partnered by Total, OMV and Statoil. (CONTINUED - 397 WORDS)