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Libyan AGOCO Reopens Oil Well after 11 Years

June 14, 2022
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Libyan Arabian Gulf Oil Company (AGOCO) announced that the Well (G269H) in the contracting area (NA-91) in the Nafoura field will reopen. This will occur after a closure period that extended for 11 years.

In a statement, AGOCO explained that its technicians were able to extract the missing equipment from inside the well during a previous maintenance process. It added that cleaning was conducted.

According to the Libyan company, the well was activated and rehabilitated with precise operations, which resulted in excellent results and a production rate of 661 barrels of oil per day, with a water content of 3%.

The Libyan company added that the presence of solid deposits inside the well was due to the loss of equipment during previous maintenance attempts. AGOCO added that the lack of the required budget during the last period prevented the repetition of maintenance and led to the temporary leaving of the well. The last productivity test of the well was in 2012.

Notably, Libyan protesters announced the closure of the Sidra oil port, located in the East of the country, as well as the cessation of export operations from it. It announced its closure until power is handed over to the Fathi Bashaga government and a fair distribution of wealth is guaranteed.

This came in a video statement issued by the residents of the Gulf of Sidra municipality on Thursday. They stressed that they would stop oil production in their region, in protest against the suffering and marginalisation they are exposed to.

The step to close this large oil port deepens the oil crisis in the country. It stopped most of its production and damaged its exports about two months ago, due to the political division and the power struggle.

  • Libya’s Arabian Gulf Oil Company Plans to Reduce Oil Production
  • Arabian Gulf Oil Company discovers new oil well in Sirte Basin
  • Haftar Discusses with NOC and AGOCO Officials
  • NOC Discusses 2021 Oil Budget with AGOCO
  • Libya’s Agoco Resumes Oil Production
Tags: AGOCOlibyaLibyan OilOil Well
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