Russian firm tastes wildcat success in Libya
Tatneft team working on Ghadames Basin strikes 400bpd producer
Russian oil outfit Tatneft has announced that it has successfully drilled a well on Libya’s Ghadames Basin.
The firm said that the A1-82/04 well is producing some 400 barrels of oil per day after initial testing, according to newswire Reuters.
Tatneft won concession rights in 2005 to work at the Ghadames Basin, around 345 kilometres south of Tripoli.
It is currently working on four blocks along with Libya’s state-owned National Oil Corporation under production sharing agreements.