Libya Completes Major Oil Well Upgrade
The Arabian Gulf Oil Company achieved a significant technical milestone within the NC2 concession, successfully increasing the production of well (B1-NC2) from 300 barrels per day to approximately 4,000 barrels per day, a 13-fold increase, through fully natural flow without the use of artificial lift methods. This improvement is attributed to intensive technical efforts in cooperation with SLB, during which reservoir potentials were identified and geological challenges, particularly the properties of low-resistance reservoirs, were overcome. This achievement stands as a testament to the capability of our national personnel to restore and develop old oil assets to enhance national production.
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