AGOCO Steps Up Exploration In Libya’s Ghadames Basin

By – James Cockayne 

AGOCO, the Benghazi based affiliate of Libya’s National Oil Company (NOC), continues to be by far the most active company in post-revolution Libyan exploration. On 2 September it announced successful drilling results from its NC-4 block in the Ghadames basin 180km southwest of Tripoli. This drilling success, whilst modest, further indicates the commercial potential of the block which...