Arabian Gulf Oil Company (AGOCO) held a meeting in Benghazi on 18 October 2026 between its management committee chairman, Engineer Mohammed Shitwan, and SLB's Strategic Projects Director, Manshawi Abd al-Kafi, alongside AGOCO project coordinator Munir al-Badri. The stated purpose was to explore removing operational obstacles and deploying the latest technologies to strengthen AGOCO's production performance.
The meeting signals AGOCO's renewed focus on lifting operational efficiency and ensuring continuity of oil services. Engineer Shitwan underscored the necessity of clearing barriers to production and harnessing advanced technologies as a strategic priority for the company. While the article does not specify which fields, basins, or technologies are under consideration, the involvement of SLB — one of the world's largest oilfield services providers — indicates that the discussions are likely to have a technical scope encompassing well services, reservoir management, or digital solutions.
Libya's oil sector has faced persistent disruption from political instability, infrastructure degradation, and intermittent field shutdowns over the past decade. AGOCO, which operates primarily in the Sirte Basin in northeastern Libya and reports to the National Oil Corporation, has been working to stabilise and grow output from its portfolio of mature fields. Engagements with international service majors such as SLB reflect the company's intent to accelerate recovery through technology transfer and operational partnerships.
It is important to note the instrument here: this is an executive-level meeting, not a signed contract or awarded tender. No commercial agreement, memorandum of understanding, or procurement action has been announced. The engagement represents early-stage relationship-building and technical dialogue between AGOCO management and a global service company. Any procurement or contracting activity, if it materialises, would follow further negotiations and formal process.