Libya’s Arabian Gulf Oil Company (AGOCO) reported yesterday that it had held a meeting with representatives of Shell to discuss technical and commercial cooperation and pave the way for a long-term strategic partnership as part of strategic cooperation to develop aging fields and increase production.
AGOCO said this comes as part of its ongoing efforts to enhance its production capabilities and develop its oil infrastructure.
Using Shell’s enhanced oil recovery (EOR) advanced technologies
During the meeting, the two sides discussed the possibility of using Shell’s advanced technologies in the field of enhanced oil recovery (EOR) to increase the shelf life of its fields, and to address the technical challenges facing some oil sites to ensure the continuity of the country’s financial flows.
Technology transfer, training Libyan cadres
The meeting also focused on the aspect of technology transfer and expertise, stressing the need to train Libyan national cadres and familiarize them with the latest global management and operating systems adopted by Shell, in order to contribute to raising operational efficiency and developing the company’s human element.
Workshops held
On the sidelines of these meetings, a series of intensive technical workshops were held with the company’s competent departments, where the participating teams were divided according to management and specialization to ensure accurate coordination, exchange of specialized expertise, and discuss practical solutions to the existing challenges in each sector separately.
Reflecting the growing confidence in the Libyan oil sector
AGOCO said these steps reflect the growing confidence in the Libyan oil sector and its ability to attract major international investments and companies, as this preliminary cooperation represents a shared vision towards a more sustainable and efficient energy future, combining long-standing local expertise with global technological innovation.
