For decades, the Arabian Gulf Oil Company (AGOCO) has sustained its vital role in supporting the national oil sector through the exploration, development, production, and export of oil and gas, as well as managing drilling, reservoir, and production operations, and operating refining facilities.
The company is committed to the highest standards of safety, quality, and sustainability, continuously striving to enhance its technical capabilities to achieve optimal utilization of natural resources and contribute to driving Libya's economic development. The Company’s scope of work is primarily divided into:
Exploration
The Exploration sector represents one of the core technical pillars in upstream oil operations. It leads efforts in prospecting for new hydrocarbon resources to boost the company’s oil and gas reserves. This sector operates within
an integrated methodological framework that combines geological and geophysical studies to ensure the execution of the company’s exploration policies and plans across its various concession areas
Production
The Production sector serves as the operational heart of the company's activities, overseeing the various engineering stages that ensure the efficient and reliable exploitation of petroleum resources. This includes reservoir studies, reserve evaluation, field development planning, drilling, completion, and maintenance operations, through to monitoring oil flow from the subsurface to processing facilities
The sector operates through an integrated framework that combines technical expertise in reservoir engineering, production engineering, drilling, and geology to ensure the highest ultimate oil recovery using best conventional and advanced methods. It also oversees long-term production forecasting and the scheduling of operational programs in alignment with proven reserves and approved budgets
Export
The Export sector represents the final interface of the company's operations and the oil value chain. It is responsible for managing the movement of crude oil and its derivatives from processing facilities through to international markets. The sector oversees shipment preparation in compliance with approved standard specifications, monitors port storage and loading operations, and ensures the smooth, safe, and efficient pumping to marine tankers. It also coordinates export schedules with production and operations departments to balance inventories, production rates, and the requirements of international clients
The sector relies on a precise monitoring and control system that encompasses tracking exported volumes and product quality, as well as preparing commercial and technical reports on cargo movements. It also contributes to strategic market planning, assessing expansion opportunities, and negotiating long-term contracts to reinforce the company’s position as a reliable supplier in global energy markets