Image used for representational purposes. File

Image used for representational purposes. File
| Photo Credit: Reuters

Expanding further their international portfolio, state-owned Oil India announced an oil and gas recovery from its exploration block in Libya. The oil and gas explorer holds a 25% participating interest in the consortium, which also includes IndianOil, for the onshore exploration block Area 95/96 located in Ghadmames Basin in south-western Libya.

The block holds eight exploratory wells with drilling of five wells completed, and four well having reported oil and gas discoveries between 2012 and 2014.


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