{"id":14512,"date":"2025-11-04T12:11:11","date_gmt":"2025-11-04T10:11:11","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/libyas-noc-announces-new-oil-discovery-in-ghadames-basin\/"},"modified":"2026-02-27T16:27:04","modified_gmt":"2026-02-27T14:27:04","slug":"libyas-noc-announces-new-oil-discovery-in-ghadames-basin","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/libyas-noc-announces-new-oil-discovery-in-ghadames-basin\/","title":{"rendered":"Libya&#8217;s NOC announces new oil discovery in Ghadames Basin"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Libya&#8217;s state-run Oil National Corp (NOC) announced on Tuesday in a statement a new oil discovery in well H1-NC4 by its subsidiary Arabian Gulf Oil Company (AGOCO) in the Ghadames oil basin.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The Ghadames basin is located in northwestern Libya, near the Libyan-Algerian border.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">&#8220;The well&#8217;s daily production is estimated at approximately 4 675 barrels per day (bpd) of crude oil, and approximately 2 million cubic feet of gas,&#8221; NOC said in the statement.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The project is wholly owned by NOC, the statement added.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">An oil source at AGOCO told <\/span><i style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Reuters\u00a0<\/i><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">that the company&#8217;s oil production had reached up to 3100 00 bpd by the end of October.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Last week, the corporation announced another oil discovery in the Sirte Basin through Austrian oil, gas and chemicals group OMV, with production testing showing more than 4 200 bpd of oil and over 2.6 million cubic feet of gas per day.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">&#8211;Reuters&#8211;<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":14384,"template":"","meta":{"_acf_changed":false},"news-type":[78,44],"class_list":["post-14512","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Libya's state-run Oil National Corp","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14512\/revisions"}],"predecessor-version":[{"id":19137,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14512\/revisions\/19137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14384"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14512"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}