The Arabian Gulf Oil Company (AGOCO) announced on Tuesday the completion of drilling the D2-NC4 well in the NC4 concession area in the northern Ghadames Basin, with a daily production of 4,879 barrels of oil and 5.5 million cubic feet of natural gas.
AGOCO said that it recorded promising oil and gas readings during the implementation of work at the well, and explained that the results of the analysis of the recordings in the concession area showed the presence of multiple oil reservoirs.
Earlier this January, AGOCO announced the conclusion of the well's productive tests, which represents a qualitative addition to the company's efforts to increase local production.
Economy