No Result
View All Result
Monday, April 20, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

AGOCO lacks money for crucial oil field water injection

byNigel Ash
October 30, 2017
Reading Time: 1 min read
A A
AGOCO lacks money for crucial oil field water injection

NOC and AGOCO engineers in Benghazi today (Photo: NOC)

By Libya Herald reporters.

NOC and AGOCO engineers in Benghazi today (Photo: NOC)
NOC and AGOCO engineers in Benghazi today (Photo: NOC)

Benghazi, 29 October 2017:

Water injection to maintain reservoir pressure and so boost production remained a core challenge a meeting of National Oil Corporation (NOC) technocrats was told today.

Senior technical and engineering staff from NOC’s Tripoli head office met their opposite numbers in the state oil company’s wholly-owned subsidiary the Arabian Gulf Oil Company (AGOCO) at that firm’s headquarters in Benghazi.

Until now, the meeting was told, water injection projects have been delayed by lack of funds. Of similar importance was the repair and maintenance of wells along with drilling, reservoir and laboratory studies.

RELATED POSTS

Sarir Refinery returns to production after completing major overhaul

Top law firm joins new British Libyan Business Association

NOC said that AGOCO’s 2018 drilling and makeover programme was examined and budgets proposed to cover this work. It was agreed that priority be given to wells that could be brought on stream as soon as possible.

NOC said the technocrats also looked at a ten-year field development plan but it gave no details of which fields this was likely to involve.

At a separate workshop, IT specialists examined upgrades to field data collection and the aggregation of this information along with its access across AGOCO and NOC .

Tags: AGOCOfeaturedLibyaNOC

Related Posts

CBL receives results from meetings with international banks
Business

De La Rue meets Governor of Central Bank of Libya in DC to follow up on its currency printing plan

April 19, 2026
Jumhuria bank announces its Palm Payment service
Business

Jumhuria bank announces its Palm Payment service

April 19, 2026
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

Libyan British Business Forum to be held in London on 22 June

April 19, 2026
CBL receives results from meetings with international banks
Business

Governors of Central Bank of Libya and People’s Bank of China agree to launch direct banking transactions

April 19, 2026
Policeman killed in UNDP Tripoli office attack
Business

UNDP and the Ministry of Marine Resources sign MoU to advance Libya’s Blue Economy

April 19, 2026
English High Court appoints Receiver to manage LIA litigations against Goldman Sachs and Societe Generale
Business

LIA to revalue its assets using one of the Big Four global auditing firms

April 18, 2026
Next Post
Al-Abyar massacre a terrorist crime says GNA

Al-Abyar massacre a terrorist crime says GNA

UNSMIL chief says no mass killers have been brought to justice

Top Stories

  • Egyptian security inspection team tours Benghazi’s Benina airport

    Benina airport receives Dubai Civil Aviation Authority and Flydubai – in preparation of resumption of direct flights

    0 shares
    Share 0 Tweet 0
  • South Korea to dispatch special envoy to Libya to seek alternative oil sources to blockaded Gulf supplies

    0 shares
    Share 0 Tweet 0
  • Breakthrough expected in LD-dollar FX market: Central Bank launches comprehensive cash sales plan and distributes US$ 1 billion to banks

    0 shares
    Share 0 Tweet 0
  • Governors of Central Bank of Libya and People’s Bank of China agree to launch direct banking transactions

    0 shares
    Share 0 Tweet 0
  • Former Director of NOC International Marketing Department sentenced to 10 years imprisonment and fined US$ 1.8 billion for fraud

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

De La Rue meets Governor of Central Bank of Libya in DC to follow up on its currency printing plan

Jumhuria bank announces its Palm Payment service

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.