Libya’s Arabian Gulf Oil Company (AGOCO) announced last Monday (30 March) that it had boosted production at its L-82 HR well in the Sarir oil field to 3,200 barrels per day.
AGOCO said this was a significant new milestone by successfully completing a directional re-drilling of the L-82 HR well. Utilizing advanced technologies, this achievement has increased the well’s daily production without any associated water.
This accomplishment, it added, aligns with the strategic plans approved by the National Oil Corporation and proposed by the company, which aim to enhance production capacity and improve operational efficiency.
Mohamed Bin Shatwan, Chairman of AGOCO, emphasized the importance of this success, stating:
“This qualitative achievement reflects the high level of competence and professionalism of our technical and engineering teams. Their continuous efforts and dedication, despite the challenges, have enabled us to achieve this remarkable increase in production, which directly benefits the national economy and supports the National Oil Corporation’s plans to boost production. We highly value these efforts and reaffirm our commitment to continuously developing our capabilities to achieve further successes.”
AGOCO explained that directional re-drilling is a complex process requiring high technical precision and the use of the latest technologies to ensure the achievement of desired objectives, particularly regarding increasing production and maintaining the quality of extracted oil. This process has contributed to a significant increase in the overall production of the Sarir field, one of the most important oil fields in Libya.
Under the supervision of the National Oil Corporation, AGOCO said it is continuing its diligent efforts to develop oil infrastructure and improve operational performance, ensuring the sustainability and efficiency of production and contributing to the support of the Libyan economy.
