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U.S. Energy Information Administration estimated that the three basins in Libya contain 942 TCF of risked shale gas-in-place and 613 billion barrels of shale oil.
This shale gas and shale oil resource assessment addresses three of Libya’s major hydrocarbon basins: the Ghadames (Berkine) Basin in the west, the Sirte Basin in the center, and the Murzuq Basin in the southwest of the country, Al Kufrah Basin was not included because lack of data.
The estimate classified the rocky areas in the Sirte Basin as thick and of sufficient quality for horizontal drilling operations, with this being evaluated separately.
The administration explained that Libya is home to deposited shale oil from the Silurian era, which is the most important hydrocarbon source in North Africa, and can produce twice the amount of shale oil produced by similar deposits in Mexico and Venezuela combined.
Libya occupies fifth place in the world in terms of the countries possessing the most extractable shale oil reserves, which heralds a promising future if the shale oil and gas reserves in Libya are developed.