The Arabian Gulf Oil Company (AGOCO) has announced a strategic move to enhance its production capabilities by integrating cutting-edge American technologies. This initiative follows technical meetings led by Management Committee Chairman Mohamed Ben Shatwan during the CERAWeek global energy conference in Houston. Ben Shatwan highlighted the company’s efforts to introduce new international competitors to the Libyan market, specifically targeting advanced technical services and innovative solutions for oil field development.
The discussions primarily focused on implementing Enhanced Oil Recovery (EOR) techniques—such as gas, water, and chemical injection—which are pivotal in the US industry for maximizing well productivity and extending operational lifespans. Additionally, the company explored sophisticated technical solutions to address chronic operational hurdles, including blockages and deposits within wells that impede crude flow. These advancements are expected to ensure production continuity and modernize the technical infrastructure of the company’s assets.
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On the environmental front, the Management Committee Chairman emphasized the company’s focus on developing technologies for produced water management. This includes promising opportunities to treat water accumulated in oil ponds, repurposing it for agricultural and industrial use. Such a transition represents a qualitative shift in resource management, reducing environmental impact while promoting sustainability. Ben Shatwan concluded that these initiatives would open broad horizons for foreign investment, support national goals to increase daily production, and reduce operational costs through heightened technical competition.
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