DEVELOPMENT OF OIL AND GAS IN AFPC AREAS
AL FURTAT PETROLEUM COMPANY (AFPC) IS A JOINT VENTURE STOCK COMPANY ESTABLISHED BY SUPPLENT (C) OF THE CONTRACT, RATIFIED BY LAW NO. 43 OF 1977. THE PURPOSE OF THE COMPANY IS TO EXECUTE AND MANAGE OIL AND GAS DEVELOPMENT, PRODUCTION, PROJECTS AND OPERATIONS. THE COMPANY XPANDED ITS OIL AND GAS OPERATIONS WITH USE OF ADVANCED TECHNOLOGIES APPLIED TO MANY OF ITS DEVELOPMENT PROJECTS.
GENERAL OUTLOOK: IN THE PAST FIVE YEARS HAVE SEEN RAPID DEVELOPMENT IN TECHNOLOGES EMPLOYED BY THE OIL INDUSTRY. DEVELOPMENT IN ALL PART OF THESE TECHNOLOGIES IN HAVING A "KNOCK ON" EFFECT THROUGH ALL THE OTHERS AND IS DRIVING THE INDUSTRY'S ABLITY TO OFSET DECLINING PRODUCTION IN MATURE FIELDS.