Despite some complaints from foreign oil companies that they were not meeting oil exploration goals in Libya, the Turkish Petroleum Overseas Company (TPOC) achieved has a success story that makes others think again when it comes to making a judgement about amble opportunities that are hidden under the huge sand dunes of Libya.
TPOC succeeded in discovering oil at commercial quantities in the exploration wells drilled in Area 147/3&4, Murzuq basin, Libya.
TPOC, a wholly-owned subsidary of Turkiye Petrolleri A.O. (TPAO), national oil company of Turkey, has been exploring for oil in Libya since 2000. TPOC made its first oil discovery in 2009 in the A1-147/3 exploration drilled in Area 147/3&4, Murzuq basin, Libya…read more