Austria’s OMV has revised up its assessment of the ‘Essar’ discovery in Libya’s Sirte Basin, just two months after declaring its commercial viability (MEES, 17 July).
In a 16 September statement, OMV said studies indicate total recoverable resources of up to 45mn barrels of oil equivalent, up from initial estimates of 15.42mn boe. Meanwhile, the discovery’s B1-106/4 well is expected to produce up to 6,000 b/d, rather than the initial figure of 4,200 b/d (MEES, 31 October 2025). (CONTINUED - 221 WORDS)