Libya's AGOCO Teams Up with Halliburton to Boost Oil Production

The Arabian Gulf Oil Company (AGOCO) is seeking to boost its oil production in Libya through enhanced cooperation with Halliburton, a leading provider of well services.

A meeting between Khaled Al-Hassi, AGOCO's Management Committee for Exploration, Production, and Information, and Khaled Baltamer, a representative of Halliburton, was held to discuss ways to improve the partnership.

The two parties reviewed current activities and mechanisms to accelerate work pace, support operational processes, and increase production rates. They also focused on expanding well services, particularly the maintenance and return to production of shut-in wells using modern technologies and specialized expertise.

In addition, the meeting covered enhancing the supply of well testing equipment and studying the feasibility of implementing hydraulic fracturing technology in several selected wells. The goal is to prepare a comprehensive proposal for submission to the National Oil Corporation.