On 12 June 2020, Sirte Oil Co (Sirte) reported that the A-005-LP003D exploratory well encountered oil and gas in the Beda Formation after testing approximately 700 bo/d with no water flow. The well reached the reservoir formation at 2,178 m.   On 28 December 2019, Sirte spudded the well in the LP003D-A-001 field, onshore in central Sirte Basin using the ADWOC 37 rig with a planned depth of 2.259 m. The main objective was the Paleocene Beda Formation.  ELF first drilled LP003D-A-001 in the 1970s. This approximately 10 MMbbl Oil Recoverable (IHS Markit estimation) field was appraised with two wells in 1973 and 1975, respectively and then again in 2013 with one last well. All the wells encountered oil in the Beda Formation, but the field was never developed.  Sirte operates 003D block with the 100% of interest and is fully owned by the National Oil Corporation (NOC).
(Sirte B.) A-005-LP003D expl. (NOC 100%) in 003D block, o&g encountered below 2178m in the target Middle Paleocene (Montian), Beda Fm, limestones and calcareous claystones, tested 700 bo/d, no water, TD=2259m.