By: AGBI

Heatwaves Hot Oil Service (HWP), a sister company of US-based HP Oilfield Services, has won a contract to develop two oilfields in Libya as part of the North African country’s plan to expand output capacity.

The onshore Messla and Nafoora fields are operated by the Arabian Gulf Oil Company (AGOCO) and owned by Libyan state operator the National Oil Corporation (NOC).

Mohamed Ben Shatwan, AGOCO’s chairman, discussed the project during talks with HWP executives in Benghazi on Monday, the Libyan news agency reported on Tuesday. AGOCO is one of Libya’s largest oil producers.

Over the past few years, Libya has awarded contracts to foreign companies to bring its oil production back to pre-conflict levels.

NOC said this week that production stood at about 1.4 million barrels per day of crude oil and 43,675bpd of condensates. Gas output came to about 200,000 barrels of oil equivalent.

Its report showed Libya, which is exempted from Opec+ quotas, spent nearly 1 billion dinars ($185 million) on oil sector operations in 2024.

HP Oilfield Services acquired the Colorado-based assets of HWP, a subsidiary of fellow Colorado oilfield services company Enservco, in August 2024.