Page 4 - Ewire Winter 2020

Camco Shows Strength & Resilience Despite
Challenging Times

Despite experiencing some of the most
challenging times ever faced in the oil and gas
industry, teams at Camco have shown
strengthen and resilience. Camco has continued
to successfully complete contracts and grow
operations whilst dealing with operational
restrictions due to the pandemic, budget cuts by
the Libya National Oil Corporation (NOC)
because of the shutdown of the oil terminals and
crude production, and security constraints.
In the last couple of months, Camco has completed its first wireline open-hole job
for Waha Oil Company (WOC), Libya’s second-largest onshore oil producer. Using
conventional open-hole logging services, Camco’s geoscience team delivered
excellent quality data and a quick look petrophysical interpretation report, within
two hours of receiving the data.
After completing several successful open-hole wireline jobs for Sirte Oil Company
(SOC), the company has awarded more wells to Camco recognizing the
company’s reliability, strong in-house technical support, and in-depth experience in
Libya.
Camco has also been working with the Arabian Gulf Oil Company (AGOCO)
having been awarded development wells and a significant number of wells for
slickline, wireline and well testing services in AGOCO’s onshore fields. Preparations
are also underway for a major campaign with our clients to perform and evaluate
well integrity and leak detection analysis using NOISE technology from our partner
TGT.
Underlining its support and commitment to Libya’s oil and gas industry, Camco held
two workshops for Libya’s National Oil Company (NOC) and Nafusah Oil Company
(NOO). Both workshops showcased the latest technologies available from Camco
and its partners in Libya, as well as wider developments in the industry.

The workshops focused on advances in wireline open-hole and cased-hole
technology and engineering studies that aim to improve the understanding of
reservoir characterization, formation evaluation, well integrity advanced
measurement and data integration. Further discussion covered how to better
understand true sources of production and identify field development opportunities
to extend the productive life of assets and make better production management
decisions. Camco’s geoscience team were able to use their expertise and
experience to offer advice and solutions on how to deal with low resistivity pay
reservoirs in fields in North West Libya, which present a particular challenge when
using conventional wireline logging technology.

Oilfield Services Business Update

In line with Edgo’s objectives to streamline operations and generate efficiencies, while
ensuring high quality and reliable services for our customers, the support function across
our oilfield services in Libya will be consolidated.

Camco and ESP will share support services including: Finance, HR, QHSE, Asset
Management, and the Supply Chain function. Camco and ESP will retain their
respective brand identities and operations.

Both Issam Hubbi, ESP Director, and Nabil Ezarrug, Camco General Manager (Acting),
will report into Nidal Karyouti, who will oversee oilfield services in Libya.