* Discovery in Murzuq basin, 800 km south of Tripoli
* OMV says confirms Libya's potential for the company
* Country remains in turmoil after overthrow of Gaddafi
(Adds background on Libya, peers' activity)
FRANKFURT, Oct 21 Austria's OMV said
it had struck oil in Libya in the first new discovery for the
company and its partners since the revolution in 2011, as it
sticks by a long-term bet on the country despite recent civil
strife and disruption.
The discovery is in the Murzuq basin, 800 kilometres south
of Tripoli, OMV said on Monday.
"This discovery in Libya confirms the potential of the
country for OMV's upstream activities," said Jaap Huijskes,
executive board member in charge of exploration and production,
said in a statement.
The brief kidnapping of Libya's prime minister this month
highlighted its fragility two years after the fall of Muammar
Gaddafi. Oil production by the OPEC member has
been hit by strikes and protests by armed militias.
Libya accounts for around 10 percent of OMV's total group
production, and CEO Gerhard Roiss told Reuters earlier this
month that the Austrian oil and gas company was committed to the
OMV and partners Repsol and Total will
continue with further drilling in the area, OMV added.
In contrast, Exxon said last month it was scaling
back in Libya, while Royal Dutch Shell abandoned two
exploration blocks there last year. Others have been slow to
resume exploration since the 2011 war.
(Reporting by Victoria Bryan and Ludwig Burger; editing by Jane