OIL

Libya find not material: Woodside

WOODSIDE has confirmed it found oil in its first Sirte Basin, Libya well earlier this month, but ...

Libya find not material: Woodside

However, joint venture partner Repsol SA of Spain told shareholders that the find would help Libya increase its oil production.

Woodside, Repsol and third joint venture partner, Hellenic Petroleum of Greece, are assessing the find's commerciality.

The discovery will be reported in Woodside's next quarterly exploration report.

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