Test production from a well drilled in a plot of land called NC206, in the oil-rich region of Sirte, delivered 12.1 million cubic feet a day of gas, Athens-based Hellenic Petroleum said today in an e-mailed statement. The estimated maximum flow is 16.7 million cubic feet a day, it said.
``Studies are under way to estimate recoverable reserves and evaluate commerciality,"" the company said.
Hellenic Petroleum owns 20 percent of the joint venture that in 2003 won rights to drill in five plots in Sirte and in part of the western region of Murzuq. Woodside, the operator, has 45 percent and Repsol 35 percent. Their contract provides for sharing any oil or gas with the North African nation"s government.
Hellenic and its partners in
Shares of Hellenic Petroleum fell 2 cents, or 0.2 percent, to close at 11.22 euros in
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