Following termination of the Arabian Oil Company concession agreement with the Kingdom of Saudi Arabia on February 27, 2000, Aramco Gulf Operations Company (AGOC) commenced its activities on February 28, 2000. AGOC took over the Saudi Government share of oil production and other hydrocarbon products in the divided zone, comprising four oil fields: Khafji, Hout, Lulu and Dorra. Aramco Gulf Operations Company is incorporated as 100% subsidiary of the Kingdom’s national oil company Saudi Aramco and operates as an independent entity with its own Board of Directors, responsible to Saudi Aramco as shareholder.