In late January 2020, Arabian Gulf Oil Co (Agoco) reached a total depth (TD) of 2,134 m in the Y-003-47 outpost well (047-Y-001 field) located in the Kotla Graben, onshore in central Sirte Basin. Y-003-47 was spudded on 30 September 2019 with the NWD-6 rig to target Upper Cretaceous (Rakb Group) and possibly Eocene objectives. Agoco has not yet reported the completion and results of the well which reached TD in the Upper Cretaceous Etel Formation.  Â   047-Y-001 is an approximately 1 MMbo recoverable oil field discovered by Amoseas Libya in the 1960s. It is located in Agoco's 047 block, next to the Dor Mansour, Beda, Kotla and Haram producing oil fields. Agoco is 100% owned by the National Oil Corporation (NOC).
Arabian Gulf Oil Co (Agoco) reached a total depth (TD) of 2,134 m in the Y-003-47 outpost well (047-Y-001 field) located in the Kotla Graben, 