India, April 27 -- Oil India'(OIL), with 25% Participating Interest, is part of an Indian consortium along with'Indian Oil Corporation'in the onshore exploration Block namely Area 95/96 located in the highly prospective Ghadames Basin in south-western Libya, covering an area of ~6,630 sq. km. The Block, operated by M/s SIPEX, has a commitment of 08 exploratory wells, and drilling of 05 wells have been already completed, out of which 04 wells made oil and gas discoveries during 2012-2014.With resumption of activities, the drilling of the sixth well A1-96/02 has also resulted in a new gas and oil discovery. Following confirmatory testing, the National Oil Corporation (NOC), Libya has formally declared the well as the fifth discovery in the Bl...