After 9-year hiatus, AGOCO reactivates 11 oil wells to produce up to 3,900 bpd

Libya’s Arabian Gulf Oil Company (AGOCO) announced Monday that after stopping work for nearly nine years it has been able to reactivate 11 oil wells in the Beida oilfield.

This is expected to produce between 3,500 barrels to 3,900 barrels per day.

AGOCO reported that the hiatus was because of force majeure, as well as the inability to provide the electric power needed to operate the TG1/TG2 units of the Dour power station. The power station has now been reactivated to supply power to the oil wells.

AGOCO says the reactivation comes within its policy to raise production and reactivate all oil fields. This, in turn, is part of the National Oil Corporation and the current government’s increased production plan across the whole sector.

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