National Oil Corporation

Type	Price
Brent	76.23
Dubai	75.02
Urals	76.29
WTI (mid)	N/A
OPEC 03/09 06/09/2010	73.05

last news

A new oil discovery by Waha Oil Company Waha Oil Company reports that it has drilled the 6Q1-59 New

Field Wildcat well to a total depth of 9,227 feet. The well is located in Sirte Basin approximately 80 km South east of Marada Town.

The initial production testing from Lidam and Lower Beda established an oil flow as follows:

Well Name	Formation	Tested Interval (feet)	net pay (feet)	Choke Size (Inch)	Oil Rate bbls/d	Gas rate MMCF/D	Oil Gravity API
6Q1-59	Lidam	8968-9050	82	32/64	1,080	0.86	41
6Q1-59	Lower Beda	6850-6911	61	32/64	1,704	0.025	36

A new oil discovery by (LIA) & Medco NOC announced on 19/07/2010 that Libyan Investment

Authority (LIA) & Medco International Ventures Limited being partners in an Exploration and Sharing agreement, report initial information concerning the exploration well N1-47/02 New Field Wildcat in Ghadamis Basin. The well is located approximately 200 km Southwest of Tripoli.

The well N1-47/02, drilled in Ghadamis Basin area 47 to a total depth 10,775 feet, encountered hydrocarbons in Memoniat and Lower Acacus.

The ESSL organised its monthly lecture meeting Last Monday July 5, 2010 the Earth Science Society of Libya

(ESSL) arranged a luncheon lecture which was delivered by a visiting lecturer Prof. Stephen Flint, Dean of Graduate Studies, University of Liverpool, UK. This lecture was titled (Stratigraphic Prediction: a 21st Century tool in Exploration and Field Development). On Thursday July 8, 2010 AGOCO Oil Company kindly sponsored this lecture and another titled (Structure and Stratigraphy of the Offshore Sirt – a seismic view & possible implications for the opening the Mediterranean) in Benghazi. The second lecture was delivered by Dr. Mark Shann, BP Libya Exploration.

Meeting with the Belarus Ambassador to Libya On Sunday, 04/07/2010 Dr. Shokri Ghanem, NOC’s

Chairman met with Mr. Anatoly Stibus the Belarus Ambassador and Mr. Jraijuri Jrohmeyko economic adviser to the Belarus embassy.

During the meeting both parties discussed relations between the two countries in the field of oil and gas and ways to strengthen, and touched Ambassador to the possibility of establishing investment projects in his the country, and also touched upon his country's desire to obtain quantities of Libyan crude oil.

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Press release to the National Oil Corporation website... Dr. Shukri Ghanem NOC’Chairman talks about the future activity of BP.oil Company in Libya

In a press release to the NOC” website , the efforts of BP.oil company to control

the oil of the disaster that occurred in the Gulf of Mexico, and the extent of its impacts on the company's operations in general and activity in Libya in particular.

Dr. Shokri Ghanem said the companies drill depths of more than two thousand meters under the sea this a new activity and of course any new activity has effects, therefore, these incidents often get in the activities of oil and the Gulf of Mexico is a regrettable incident , but should not stand obstacle to scientific progress and humanitarian

We agreed to continue work with BP Oil Company in Libya and discussed this matter with the BP’s Chairman Company in our met with him, and also the event and detailed explanation and efforts by the company to control the disaster.

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