Halliburton is set to resume activities in the oilfields of Sirte after security and stability were restored in the Libyan city, according to a statement by Sirte Oil Company (SOC).

The announcement was made after SOC Chairman Nagi Ahfaf met with Colby Fuser, Halliburton Vice President for Egypt and Libya; and Moataz Yousef, General Manager of Halliburton Libya.

The meeting discussed ways of returning Halliburton to its regular activity in Sirte, which Fuser viewed as a good opportunity, expressing excitement towards increased cooperation in the field of oil services.

SOC noted that the stability and security of the company’s oilfields represent an important factor that encourages the return of foreign companies to resume their activities, especially major international oil companies (IOCs).

Meanwhile, Halliburton announced intentions to resume work with the Arabian Gulf Oil Company (AGOCO), confirming the opening of an office in the city of Benghazi soon, Al-Wasat reported. Halliburton is expected to complete the supply of its equipment to AGOCO next October.