By Libya Herald reporters.
Benghazi, 2 December 2017:
AGOCO executives have been seeing how their company is trying to boost production using its own engineers and resources.
Managers from the National Oil Corporation’s (NOC) eastern subsidiary first visited the Hariga oil export terminal at Tobruk, which AGOCO operates. They then moved on to spend two days at the Beida oilfield which came back on stream this May. It had been shut in since 2013 after the Petroleum Facilities Guard of Ibrahim Jadhran seized and closed the oil crescent export terminals.
The executive inspection included a new water-handling and power plants as well as an administration and training building. AGOCO said that all these projects had been undertaken in-house and had come in at “the lowest cost”.
There had also been meetings with workers to hear their ideas on how production could be boosted. The Beida field ,which in 2013 had been producing 14,000 bpd, reported had an output of 10,000 bpd when pumping restarted this spring.