The Arabian Gulf Oil Company (AGOCO), a wholly-owned subsidiary of Libya’s National Oil Corporation (NOC), announced that two new oil wells at al- Naforah field, southeast Libya, have started production with an estimated capacity of 3,000 bpd.
A source from AGOCO said in a press statement that the company took over the operation management of both wells L2 and K3, located in the 51 concession.
He added that the L2 well’s production capacity amounted to about 1,649 bpd, while the K3’s capacity reached 1,434 bpd.
AGOCO also announced that the Al- Baydaa oil field in Marada city resumed operation after it was halted due to terrorist attacks that targeted oil terminals.
Last week, Mustafa Sanalla, chairperson of the NOC, said the county’s oil production has reached the 2013 level of 1.3 million bpd before supply distributions.
The removal of Libya’s longtime leader Mummar Gaddafi in 2011 led to armed conflict and political fragmentation. Libya has been divided between rival governments and military factions based in the east and west of the country, causing a political deadlock and an economic crisis.
The NOC, which relies on oil exports for most of its income, has continued to function relatively normally across the country. Output has been reduced as a result of attacks on oil facilities and blockades, but partially recovered to 1 million bpd last year.
The country’s national oil company suffered a shooting attack in September on its Tripoli headquarters claimed by Islamic State militants who killed two people and wounded 25.
The NOC, however, noted that it has continued to manage its operations as normal.
The Tripoli-based central bank and the NOC are the state enterprises still functioning well despite the conflict.
