By Sami Zaptia.
London, 10 November 2019:
Libya’s Arabian Gulf Oil Company, AGOCO, a wholly owned subsidiary of the state National Oil Corporation (NOC), announced increased production at its Nafoura Y-01 well, the NOC reported on Friday.
The NOC said that this was part of its strategic plan to increase Libya’s oil production capacity financed by the ‘‘Exceptional Budget’’ (Decree 1080/2019) granted by the Tripoli government to the NOC specifically to increase oil production.
The NOC reported that the well increased production from 200 barrels per day to 3,801 per day.
The latest increase comes on the back of announced increases at the Sarir and Wafa oil and gas fields last week.
AGOCO completes ‘strategic’ power supply project at Sarir / Mesla oilfields to increase production
Increased oil production at Sarir field as part of NOC long term plan