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Wednesday, January 3, 2018
Arabian Gulf Oil Company (AGOCO), a unit of Libya’s state-run oil and gas company NOC, said it hopes to resolve its power problems by the end of Q1. The company’s power problems have plagued it and kept its production levels well below capacity.
AGOCO Chairman Mohamed Shatwan said in a Reuters report that many wells were shut because of aging infrastructure and a lack of power in a number of fields, including the giant Sarir field.
“Sarir field covers an area of more than 500 sq km so it needs converter stations and transformers,” to ensure power supply, Shatwan told Reuters. The field has been waiting for turbines to be assembled for three years, which could take as long as a year and a half. For the interim, the company has purchased mobile turbines to help resolve the power problem.
The company’s production also suffers from lack of spare parts for the aging infrastructure. “Some of them are no longer manufactured and spare parts are not available,” Shatwan said. “The aging equipment and lack of spare parts of course contributes to stoppages at existing power plants in the fields, and the power plant stoppages lower production.But from the plan we have been putting in place for years, we expect to overcome our electricity problems in Q1 2018, by the end of March.”
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