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Article: Libya - Arabian Gulf Oil Co.
- Article from:
- APS Review Oil Market Trends
- Article date:
- July 13, 2009
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Agoco is the biggest oil producer formed by NOC in late 1979 to take over the assets of a partnership of BP and Nelson Bunker Hunt of the US, and a partnership of Chevron and Texaco called Amoseas. Its largest fields are Sarir and Nafoora, which together produce less than 250,000 b/d from 490,000 b/d in 1995. Agoco now has the capacity to produce 370,000 b/d, which it intends to expand to 500,000 b/d within the coming three years.
Agoco has a refinery at Tobruk on stream since 1985 with a capacity of 18,000 b/d, where in 1996 it had two thermo compression distillation units installed to produce 750 CM/day of drinking water from the sea. Agoco also has a 9,000 b/d ...