Latest news with #ArabianGulfOilCompany
Libya Herald
3 days ago
- Business
- Libya Herald
AGOCO's HH91-65 well in Masala field returns to production with 2,400 bpd
Libya's state Arabian Gulf Oil Company (AGOCO) announced last Wednesday (13 August) that it has realised a new technical achievement represented in the return of the HH91-65 well in the Masala field to production at a substantially high rate of 2,400 bpd, after its production was limited in the past. The company said this comes within the framework of the National Oil Corporation's (NOC) plan to increase production rates. AGOCO said its national cadres, represented by engineers from the Reservoir Engineering, Drilling and Production Departments, in cooperation with KAMCO and Baker Hughes, were able to carry out a guided drilling and re-entry process using modern technologies (VisiTrak), which resulted in raising the production from 169 barrels per day with an associated water ratio of 80%, to 2,400 barrels of oil per day with an associated water ratio of 0%. The company said this success confirms its ability to invest its national expertise and advanced technologies in achieving quality results, which contribute to supporting the NOC's plans to increase production and achieve sustainability.
Libya Review
7 days ago
- Business
- Libya Review
Libyan Technical Teams Complete Diesel Plant Restart
Technical teams from the Arabian Gulf Oil Company (AGOCO) have successfully restarted the diesel processing plant at the Al-Bayda oil field, following directives from company chairman Mohamed Ben Shatwan and board member for operations, maintenance, refineries, and supply, Awad Akweidir. The restart was achieved after the implementation of a precise work plan, mobilizing all necessary technical and logistical resources. The effort involved coordination between pipeline departments, maintenance coordinators from the Sarir, Al-Bayda, and Nafoura fields, as well as the Al-Bayda field management team, operations coordinators, and refinery management. AGOCO confirmed that the operation was carried out to the highest technical standards, delivering outstanding results that highlight the expertise of the company's national workforce. The company expressed its appreciation for the dedicated efforts and spirit of teamwork that ensured the project was completed efficiently and within the scheduled timeframe. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges. Tags: AGOCOEnergylibyaoil
Libya Review
03-07-2025
- Business
- Libya Review
Libyan Oil Pipeline Restored After Emergency Maintenance
The Arabian Gulf Oil Company (AGOCO) has successfully completed emergency maintenance on a crude oil pipeline following a leak near kilometre point 76 between Hamada and Zawiya. The repair, carried out with precision and speed, ensured no lasting operational or environmental impact, according to the company. The leak was first reported on 23 May 2025. In response, AGOCO's technical teams immediately isolated the pipeline and contained the spill, in accordance with established safety and environmental protocols. This initial action was crucial in protecting nearby infrastructure, workers, and the environment. Following containment, the site was secured using shut-off valves. On 28 May, technicians began extracting residual crude oil from the affected section and redirected it to the Tahara field to prepare for repair work. By 30 May, the company had launched full-scale maintenance, starting with a cold-cutting operation on the 18-inch pipeline. The damaged section was replaced with a new segment using high-quality American-made insulated connectors. Notably, AGOCO opted for a composite bonding technique over traditional welding to avoid technical risks typically associated with high-pressure pipeline repairs. Engineer Mohamed Ben Shatwan, Chairman of AGOCO's Management Committee, praised the swift and professional response of the technical teams. He highlighted their strict adherence to safety standards and engineering excellence, noting that their dedication reflects the company's operational discipline and its commitment to quality. Ben Shatwan added that the successful operation demonstrates the strength of Libya's national oil sector in managing challenges independently. He also acknowledged the effective coordination among national firms to ensure stable oil flow and maintain production targets. AGOCO's prompt intervention has prevented potential disruption to crude exports and reinforced confidence in Libya's oil infrastructure resilience amid broader industry efforts to expand and stabilise output.
Libya Observer
21-06-2025
- Business
- Libya Observer
96% completion reached on gas utilization project at J22 field in Sarir and Messla
The Arabian Gulf Oil Company (AGOCO), announced that 96% of the gas utilization project at the J22 field, located in the Sarir and Messla regions, has been completed. In a recent meeting with German contractor Ferrostaal, which is responsible for executing the project, both sides agreed to begin the final phase on July 15. This phase will coincide with a comprehensive training program for 42 technical staff members, aimed at enhancing operational efficiency and ensuring high-quality performance, according to the AGOCO's Facebook page. The project launched on December 10, 2017 aims to capture natural gas released during crude oil production, particularly from the Sarir field. The captured gas will be used to supply power to one of the electricity stations linked to the Great Man-Made River Project, contributing to more sustainable energy practices. Tags: libyan gas agoco
Libya Observer
17-05-2025
- Business
- Libya Observer
AGOCO explores utilization of associated gas in Messla and Sarir fields
The Arabian Gulf Oil Company (AGOCO) has discussed a project aimed at utilizing associated gas from the Messla and Sarir oil fields, with the goal of creating added economic and environmental value. The company explored ways to harness this gas for electricity generation through AGOCO's generators and those of the Great Man-Made River Project, to reduce harmful emissions and enhance environmental performance. It also reviewed airport development projects at the Sarir and Bayda fields, highlighting the importance of these projects in serving field personnel and ensuring the sustainability of operational activities. Economy Tagged: agoco
