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Essar Oil Discovery Development in Libya

Sector: Oil and Gas • Location: Libya

Source: Upstream Online

Project
Under Evaluation

A significant new oil discovery has been unveiled onshore Libya in the Sirte basin. The discovery, made by the joint venture between Libya's National Oil Corporation and Austria's OMV, holds 195 million barrels of oil. The Essar discovery is commercial and its development is being evaluated, with a production capacity expected to be about 5000 barrels per day. One development solution is a fast-tr

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The project “Essar Oil Discovery Development in Libya” is an infrastructure initiative in the Oil and Gas sector, located in Libya. Taiyo aggregates data on it from Upstream Online.

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Participants

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under evaluation

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Description

Description

A significant new oil discovery has been unveiled onshore Libya in the Sirte basin. The discovery, made by the joint venture between Libya's National Oil Corporation and Austria's OMV, holds 195 million barrels of oil. The Essar discovery is commercial and its development is being evaluated, with a production capacity expected to be about 5000 barrels per day. One development solution is a fast-track tie-back to facilities controlled by the NOC-OMV joint venture Zueitina Oil Operations Company.

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Source reliability

High

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Source

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URL

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