11 June 2010
Workover And Productıon Testıng In C1-147/3 Have Been Completed

Turkish Petroleum Overseas Company (TPOC), a wholly-owned subsidary of Turkiye Petrolleri Anonim Ortakligi (TPAO) is the 100 % holder and operator in the Area 147/3-4, Murzuq basin, Libya. TPOC was awarded the concession in the EPSA IV Bid Round II in 2005. First 5 exploration wells (A1-, B1-, C1-, D1-, E1-147/3) drilled in the concession resulted as oil discoveries. Firstly, workover and production test operations have been completed in the C1-147/3 exploration well. The initial production testing established a natural oil flow at surface as follows:

Well Name

Formation

Interval Tested (ft)

Net pay (ft)

Choke Size (inches)

Oil rate (bbls/d)

Oil Gravity (API)

C1-147/3

Ordovician

8110-7967

143

32/64

1845

33.3

This oil discovery has also been announced in the official website of Libya National Oil Corporation (NOC) (http://en.noclibya.com.ly/).

© Press Release 2010