Libya’s Arabian Gulf Oil Company (AGOCO) revealed yesterday that it has reassigned drilling, well maintenance, and software-related tasks—contracts previously withdrawn from service providers that failed to meet contractual obligations or retain national personnel – to Baker Hughes.
The revelation came during a meeting between Abdul-Muttalib Saleh Adam, Acting Chairman of AGOCO with Amal Balkhirat, Executive Director for North Africa at Baker Hughes, and Walid Al-Idrisi, the company’s Libya Branch Manager.
The meeting, AGOCO stated, aimed to strengthen cooperation with one of the world’s leading oil service companies.
Discussions focused on potential collaboration across various areas, including technical and engineering services for drilling and well maintenance, as well as addressing technical issues related to surface equipment. These efforts aim to enhance operational efficiency and technical performance within the oil fields.
Both parties agreed to organize specialized meetings and workshops at the company soon to reassign work previously assigned to other service providers.
AGOCO said this strategic (reassignment of work) move aligns with its policy of discontinuing business with unprofessional companies and opening the door to highly experienced and competent global firms. This approach fosters robust competition in the delivery of technical and engineering services and promotes development and innovation within Libya’s oil and gas sector.
This direction, AGOCO added, reflects the company’s commitment to protecting national personnel, upholding the highest standards of quality and professionalism, and supporting the National Oil Corporation’s vision of achieving sustainable development and boosting productivity—thereby cementing Libya’s position as a key player in the global energy industry.
AGOCO did not name the companies that have lost out.
SLB Reaffirms Commitment to Expanding Libya Oil Sector Operations
