April 29, 2026
NEW DELHI – The Ministry of Petroleum and Natural Gas on Tuesday congratulated Oil India Limited and Indian Oil Corporation Limited, the Indian Consortium partners with SIPEX, Algeria as the operator, for a successful new oil and gas discovery in the contract area 95/96 in Ghadames Basin, Libya.
According to the Ministry, the well was completed to a final depth of 8,440 feet and achieved production of 13 million cubic feet of gas and 327 barrels of condensate per day during testing from the Awynat Wanin and Awyn Kaza formations.
The ministry said that the discovery reflects the growing global footprint of Indian energy companies, and highlights the importance of strategic international alliances.
It further added that the government is committed to strengthening national energy security through overseas asset acquisition by national oil companies.
“Wishing the consortium continued success in unlocking greater value from this promising asset,” it added.