Asset report

Area 147

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Report summary

Block 147 lies in the Murzuq Basin around 125 kilometres east of Eni's Elephant field. TPAO was awarded the licence in the second EPSA IV bid round of 2005. The operator struck oil with its first well A1 147/3 in September 2009 and went on to drill 10 more exploration wells by February 2011 making six oil discoveries. TPAO suspended all Libyan drilling in 2011 after declaring force majeure in response to the country's political crisis and ensuing civil war. The force majeure was lifted in December 2012 but the subsequent deterioration in security makes a near term investment decision on the project unlikely.

What's included

This report contains

  • Document

    Area 147

    PDF 4.65 MB

  • Document

    Area 147

    XLS 415.50 KB

  • Document

    Area 147

    ZIP 5.00 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 11 images and tables including:

Images

  • Index Map
  • Detail Map

Tables

  • Key facts: Table 1
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Exploration: Table 1
  • Reserves and resources: Table 1
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Economic analysis: Table 1

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