(Ecofin Agency) - AGOCO has today announced its plans to hold a 93-well drilling campaign at its Libyan concessions.

Chairman of AGOCO Mohamed Ben Shatwan declared this at the 4th New Libya Oil & Gas Forum in London.

The Libyan company, an affiliated company of the state-owned National Oil Corporation (NOC), has stakes in eight of the country’s fields. The fields include Beda, Messla, Hammada and Sarir, which is the largest of the country’s oilfields, with a current output of about 130,000 bo/d.

Although Libya’s hydrocarbon industry has suffered various problems since its revolution in 2011, AGOCO still produces approximately 250,000 bo/d.

According to Shitwan’s presentation, the drilling will allow AGOCO to access 87.8 bcm (3.1 tcf) of natural gas and more than 2.3 billion BO and condensate, the oil and gas year news reports.