Continental Focus, International Reach

AGOCO Production Update

Monday, April 29, 2019

AGOCO, a subsidiary of Libya’s state-run oil and gas firm NOC, is currently producing at a rate of 304,000 bpd of oil, according to company chairman, Mohamed Shatwan, cited in a Reuters report.

Shatwan said that the company planned to raise production to 350,000 bpd once new projects were completed, such as the project to improve power supply. Unfortunately, production at AGOCO’s fields fluctuate due to an unstable power supply.