NOC’s AGOCO increases Messla oil production by 2,900 barrels.

0
3478

The Arabian Gulf Oil Company (AGOCO), a wholly owned subsidiary of Libya’s state National Oil Corporation (NOC), has increased oil production at its Messla oilfield by 2,900 barrels per day.

This was achieved by connecting well (H54-65) to the production line on Friday, 23 November.

The NOC reported that the well had been previously abandoned since 1979 by Messla field due to the poor characteristics of the reservoir in terms of porousness and permeability. The well was re-entered and rerouted using the guided drilling technique.

Providing further technical information, the NOC added that in October 2018, the well was re-entered from inside the packaging tubes and the drilling was directed using the latest guided drilling techniques called Geosphere 474.

It reported that AGOCO is the first company in Africa and one of the first companies in the world to use the technology.

The Messla field increased oil production comes as part of a number of recent increases in a number of fields and as part of the larger strategy by the NOC to increase Libya’s oil production which was recently facilitated by the granting of an exceptional budget by the Tripoli-based and Faiez Serraj-led government.

SOURCElibyaherald
Previous articleTadawul and Libya Insurance discuss strategic cooperation.
Next articleSeven banks to contribute LD 150 to Credit Guarantee Fund.