Libya’s NOC and Agoco hit by production problems
Issue 256
- 14 Jun 2013
| 4 minute read
National Oil Corporation (NOC)’s main upstream subsidiary Arabian Gulf Oil Company (Agoco) is struggling to overcome severe production problems at its major fields in south-east Libya. Loss of output from the Sarir and Messla fields is the result of management problems, budget constraints, security problems and reluctance on the part of many service companies to restart operations. It is contributing to a more general decline in exports caused by the shut-in of Mellitah Oil and Gas’ El-Feel field in south-east Libya due to a workers’ protest, and strikes at the Zueitina oil terminal and Agoco’s Marsa al-Harigah terminal east of Tobruk.
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