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National Oil Corporation issued the following announcement on.Arabian Gulf Company (AGOCO) engineers and specialists have increased production capacity at the Nafoura oilfield by 5925 barrels per day, following the successful tie-in of well Y3 to production facilities at the field on Sunday, December 22, 2019.
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Within the framework of the National Oil Corporation (NOC)'s plan to increase production rates and to implement the targeted programme of work within the framework of the approved extraordinary budget, Arabian Gulf Oil Company (AGOCO) has conducted a stimulation of well Y-01 in the Nafoura non unit field where AGOCO is sole operator.
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Libya’s National Oil Corporation (NOC) Chairman, Eng. Mustafa Sanalla, has called for a programme of economic transformation alongside the political process to solve protracted competition over Libya’s oil wealth. Speaking at the Atlantic Council, an internationally-renowned think tank, on Friday, October 18, 2019, the NOC chairman presented a series of technocratic policy responses.