Indian Oil Libya Hydrocarbon Discovery in Block 95/96

Indian Oil Corporation discloses a new oil and gas discovery in its 25%-owned exploration Block 95/96 in Libya's Ghadames Basin.
The discovery was made in the 6th exploratory well, formally recognized by Libya's National Oil Corporation after initial testing.
The 6,600 sq km block, operated by Sonatrach, has seen 5 previous wells drilled with multiple prior discoveries.
IndianOil plans detailed appraisal to assess reservoir characteristics and commercial potential of this strategic upstream asset.