AGOCO

AcronymDefinition
AGOCOArabian Gulf Oil Company (Libya)
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Abdeljalil Mayouf, information manager at Libyan rebel oil firm AGOCO, told Reuters On Monday that Russian and China, countries that failed to back the rebels, could lose out in terms of business opportunities.
An official from the East Libya oil company AGOCO told Reuters the company was making arrangements to market oil directly to foreign buyers, instead of through its state-owned parent.
Attention is still focused on Libyan oil exports after an official from the East Libya oil company AGOCO told Reuters the company is making arrangements to market oil directly to foreign buyers, instead of through its state-owned parent.
Omran al-Zwai, spokesman for Libya's eastern state oil firm AGOCO, said production at the Messla oil field would also be reduced to a minimum within four or five days if exports continued to be blocked from Hariga, Reuters reported.
The official was quoted by Akhbar Libya saying, There are one million barrels of oil ready to pump from three oilfields: AGOCO s Nafoora field, Wintershall s field and Harouge s Amal field .
AGOCO is the operator of the Hamada and al-Hamra fields in the petroleum-rich Ghadames Basin, as well as the Sarir, Nafoora and Messla fields in the central Sirte Basin, producing around 425,000 b/d before the anti-Qadhafi revolution and war began.
AGOCO said that it was technically ready to start oil output in its two eastern fields, with capacity of 250,000 bpd.
Engineering consultancy services for design,the control rooms & rehabilitation of instruments and control systems at Beda oil field (CPS ,GS s-1 ,2 & 3 , Dor and Kotla station) owned by AGOCO.
An official from the East Libya oil firm AGOCO told Reuters the company was making arrangements to market oil directly to foreign buyers, instead of through its state-owned parent.
or AGOCO, which is 100% owned by NOC, made three discoveries, according to Ghanem.
These discovery wells were drilled by AGOCO, a wholly owned affiliate of the NOC, in 2003 and 1999, respectively.