This article is 22 years old. Images might not display.
The RERC-1 well is situated in the Berkine Basin, some 900km southeast of the capital, Algiers and is being drilled by drilling contractor Saipem using the National 110 AZ 5893 onshore drilling rig. Planned total depth is approximately 3,370 metres.
Immediately following the RERC-1 well, a second onshore exploration well, RERW-1, is planned to be drilled in block 401d using the same drilling rig and drilling contractor.
The RERC-1 and RERW-1 prospects are located approximately 15km northeast of the ROD oil development, and 25km south of the existing El Borma pipeline.
Woodside’s current interest in block 401d is 35%, with Repsol YPF (Operator, 55%) and Partex Oil and Gas (10%).
Woodside is also involved with Spain's Repsol in an exploration and production sharing agreement with the Libyan National Oil Corporation.
The 30 year agreement with an initial six-year exploration phase, was signed on in Tripoli and covers five exploration blocks in the onshore Sirte Basin in northern Libya and one in the onshore Murzuq Basin in western Libya.
The minimum exploration work commitment will involve geological studies, seismic acquisition, and 13 exploration wells over six years.
