Libyan Hurricane Field Makes 5,000 Barrels per Day Oil Discovery
A new oil discovery has been announced in the Cyclone field in the Sirte Basin of Libya, which the National Oil Corporation considers commercially viable. The field contains estimated reserves of about 195 million barrels of oil, and its production is expected to reach approximately 5,000 barrels per day soon after start-up, following the completion of the development plan submitted by the Austrian company OMV. Production will commence as soon as possible due to the field's proximity to surface facilities.
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