Petroleum Africa
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Monday, February 6, 2012
A unit of Libya's NOC, Arabian Gulf Oil Company (Agoco) is seeing production rates of 300,000 bpd and expects to reach full production rates in the next two months. Full production will be achieved later than expected due to electricity problems at some fields, an Agoco spokesman told Reuters.
Full production of 425,000 bpd from Agoco was expected this month but a delay in restoring full power at some oilfields has meant this has been pushed back.
"It is around 300,000 (bpd)… Maybe in April we will reach our normal production," Agoco's Abdeljalil Mayuf said. The company has received new equipment at its Sarir and Messla fields which should increase production by the end of the month.
"I think the electricity problem is now under control," Mayuf said. "If they have full electricity capacity, they can manage to produce the maximum."
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