The National Oil Corporation’s (NOC) subsidiary, the Arabian Gulf Oil Company (AGOCO), reported today that it has completed the drilling of exploration well D2-NC4 located in the NC4 concession in the northern Ghadames oil basin.
The well has produced test results of 4,879 barrels of crude oil per day (bpd) and 5.5 million cubic feet of natural gas per day.
AGOCO reported that the results of the analysis of the well has shown the presence of multiple oil reservoirs in the formations.
The company said the results represent a qualitative addition to its efforts to increase domestic production and come as a continuation of the ambitious development plans pursued by the NOC to raise the efficiency and sustainability of production operations in the Libyan oil sector.
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AGOCO oil production reaches 304,000 bpd – the highest ”in years”
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Libya’s total hydrocarbon production up to 1,673,589 bpd
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NOC discusses with Sonatrach its readiness to resume exploration and drilling operations
Libya’s crude oil and condensate production exceeds 2024 target by 22,000 barrels: NOC
Libya’s total oil production increases by another 5,377 bpd: NOC
Waha Oil surpasses its highest production rate since 2010: NOC
NOC reports another oil and gas production high
NOC reports further oil and gas production increases
Libya’s oil and gas production indicators continue to rise
Libya’s oil production reaches a new record level of 1.374 million bpd: NOC
NOC’s increased production announcements – approaching 1.5 million barrels per day
