Production Capacity of the Nafoura oilfield has been increased by 5925 barrels per day after tying-in of well "Y3" to production facilities at the field on Sunday, the National Oil Corporation (NOC) has confirmed.

Arabian Gulf Oil Company (AGOCO) has also resumed production from wells "Z" and "Z4" at the Hamada oil field, which had been offline since 2011, bringing the production rate at the NC-5 concession area to 500 barrels per day as a result, NOC explained on Facebook.

It further clarified that work is under way to restart the next two wells (Z7, Z9) at Hamada oilfield.

Economy