AGOCO, Libya's National Oil Corporation and Austria's OMV met in Benghazi on October 1 to discuss falling pressure at the Nafoora field. They have not publicly announced an engineering solution, development timetable or output target.
In Benghazi on October 1, the Arabian Gulf Oil Company (AGOCO) reported a second day of talks with the National Oil Corporation (NOC) and Austria's OMV about Nafoora's declining reservoir pressure. The group reviewed technical options to improve field performance and production efficiency.
AGOCO Chairman Mohamed Ben Shatwan chaired the meeting. Members of the company's Management Committee, technical department managers, and technical representatives from the NOC and OMV also took part. The agenda covered possible responses to falling pressure and other field-development issues. It did not concern an immediate production increase.
No engineering option has been selected publicly. The companies have also announced no production target or timetable for completing a development plan. No new output figures were released. The account describes a consultation and technical review, not a confirmed production gain.
That distinction matters. The Nafoora talks are part of a broader effort to maintain and restore Libyan oil flows, but activity at other sites does not show progress at Nafoora. Reuters wire coverage, summarized in QC Intel's report, said crude flows on the Sharara-Zawiya route resumed after a five-day halt. The separate restart shows the importance of keeping Libya's oil system operating. It does not confirm a change in Nafoora's production or resolve the field's reservoir-pressure problem.
For Libya's NOC and operating companies, a technical review is not the same as a defined field plan. Restoring flows disrupted elsewhere is a separate task. Until AGOCO, the NOC or OMV names a chosen measure and provides supporting production data, the confirmed outcome at Nafoora is the joint review itself. No increase in supply has been announced.
The Nafoora talks are also separate from Libya's urban-development agenda. That includes the Savings and Real Estate Investment Bank's housing partnership talks with China's Sichuan Huayuan, which concern real estate, not oil-field operations.
