Oil and Gas Exploration in Libya's Ghadames Basin
One of 352 projects Taiyo tracks in Libya.
Source: NewsBytes
State-run Indian Oil Corporation (IOC) and Oil India Limited have discovered fresh oil and gas reserves in Libya's Ghadames Basin, specifically in Block Area 95/96. The block covers 6,600 square kilometers and is operated by Sonatrach International Petroleum Exploration and Production Corporation of Algeria. The discovery was made during the drilling of the sixth exploratory well, with initial pro
- Status
- Prospective
- Sector
- Water Supply and Storage, Oil and Gas, Commercial
- Location
- Libya
- Updated
- 22 Jul 2026
- Source
- NewsBytes
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Project Information
Participants
| Not available for this record. |
Status
Original status | under exploration |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | State-run Indian Oil Corporation (IOC) and Oil India Limited have discovered fresh oil and gas reserves in Libya's Ghadames Basin, specifically in Block Area 95/96. The block covers 6,600 square kilometers and is operated by Sonatrach International Petroleum Exploration and Production Corporation of Algeria. The discovery was made during the drilling of the sixth exploratory well, with initial production tests showing about 13 million cubic feet of gas and 327 barrels of condensate per day. The exploration program includes eight exploratory wells, with five drilled so far. IOC plans detailed appraisal and evaluation to assess the reservoir and commercial potential. |
Original sector | Energy |
Location
Country | Libya |
Source
Source | NewsBytes |
URL |
More Details
Record type | Project |
Sector | Water Supply and Storage, Oil and Gas, Commercial |
Article published date | 2026-05-01 |
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