Arabian Gulf Oil Company (AGOCO) and Harouge Oil Operations Company – subsidiaries of Libya’s state-owned National Oil Corporation – increased oil production at the Sarir and Al-Fregh fields, respectively, in June and July 2024.
AGOCO reopened the C-335 well in the Sarir field after two years of maintenance, achieving 2,500 barrels per day (bpd) with a water content of 7%. Additionally, Harouge Oil Operations Company increased output at their AA-10 well in the Al-Fregh field – situated in the Amal concession – from 250 to 1,600 bpd.
The production increase aligns with Libya’s goal to raise production from the current 1.2 million bpd to 1.4 million bpd by the end of 2024. By 2025, the country aims to raise output to two million bpd.
