ADWOC

A Company specialized in drilling for oil and gas onshore. ADWOC is a member of International Association of Drilling Contractors (I.A.D.C.)

Arab Drilling and Workover Company (ADWOC) was established in 1980 as an independent provider of drilling and workover services to the Oil & Gas industry in Libya. ADWOC’s shareholders are: Arab Petroleum Services Company (APSCO) with 40%, Arab Petroleum Investment Corporation (APICORP) with 20% and First Energy Limited with 40% this company is owned by First Energy Bank.

ARAB DRILLING AND WORKOVER COMPANY

The ten members of Organization of Arab Petroleum Exporting Countries (OAPEC)

United Arab Emirates, Bahrain, Algeria, Saudi Arabia, Iraq, Qatar, Kuwait, Libya and Egypt.

APSCO brief

The Arab Petroleum Services Company (APSCO) was established in 1977 according to an agreement signed between the member states of OAPEC in 1975. The company is based in Tripoli, Libya it is one the companies affiliated to the organization of Arab Petroleum Exporting countries.

APICORP brief

Arab Petroleum investments corporation (APICRP) is an inter Arab Multi-lateral development bank, established on 23rd November 1975 in accordance with an international agreement between governments of the ten member states of the organization of Arab petroleum exporting countries (OAPEC).

OAPEC brief

Organization of Arab Petroleum Exporting Countries (OAPEC) was established by an agreement amongst Arab countries which rely on the export of petroleum, the Organization of Arab Petroleum Exporting Countries (OAPEC) is a regional inter-governmental organization concerned with the development of the Petroleum industry by fostering cooperation among its members. OAPEC contributes to the effective use of the resources of member countries through sponsoring joint ventures. The Organization is guided by the belief in the importance of building an integrated petroleum industry as a cornerstone for future economic integration amongst Arab countries. The organization of Arab Petroleum Exporting countries (OAPEC) was established by an agreement signed in Beirut Lebanon on January 9th 1968 between the governments of each of Saudi Arabia, Kuwait and Libya. The emirates, Qatar, Bahrain and Algeria joined the organization in 1970 and Egypt, and Iraq joined in 1972.

First Energy Bank Brief

First Energy Bank B.S.C. © (FEB) is an Islamic investment bank licensed by the Center Bank of Bahrain and headquartered in Manama, Kingdom of Bahrain.
The Bank focuses on investments in the production, transportation, storage and refining of hydrocarbons, as well as oilfield services and energy sector technologies. FEB also explores new opportunities to invest in the development of power generation capacity and renewable energy technologies.