Concessions International has been retained to sell certain assets in Libya.
The field has an estimated 1 billion barrels of reserves and 175 MMBO recoverable reserves. A nearby discovery has 10 MMBO and 500 Bcf that tested over 12,000 BO per day. Both fields have not been delineated and could be part of one development. Due to low permeabilities, the field will require extensive stimulation to yield acceptable flow rates.
Contact Wil Divine, 713-893-6300, email@example.com.