Reply #55: Libya's Agoco to pump 200,000 barrels per day by end of September [View All]

[pinboy3niner]

Libya's Arabian Gulf Oil Company (Agoco) has said that it expects output from the eastern oilfield in Sarir to rise steadily to 200,000 barrels per day by the end of September, Reuters reports.

At that rate of output, one export cargo will be possible every ten days.

"We are producing 150,000 bpd from 100 wells. We will try to get to 200,000 bpd by the end of the month," said Abdeljalil Mayuf, spokesman for Agoco.

Agoco is the only company known to be pumping oil in Libya at the moment.

http://blogs.aljazeera.net/liveblog/libya-sep-16-2011-1317