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AGOCO increases production at Nafoura oilfield by 3,601 bpd

bySami Zaptia
November 10, 2019
Reading Time: 1 min read
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By Sami Zaptia.

AGOCO has increased its production at Nafoura field (Photo: AGOCO).

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.

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Tags: AGOCO Arabian Gulf Oil CompanyfeaturedNafoura oilfieldNOC National Oil Corporationoil production
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