US EditionBP and Shell Sign Libya Deals as Majors Accelerate Return After Civil War
LIBYA, JUL 8 – BP and Shell will study three oilfields to boost Libya's output from 1.3 million to about 2 million barrels per day, supporting economic stability and foreign investment, NOC said.
- Libya’s National Oil Corporation has inked deals with BP and Shell to conduct assessments and feasibility studies focused on hydrocarbon potential in the Messla, Sarir, and al-Atshan areas as part of efforts to advance energy development in 2025.
- These agreements come after years of halted operations resulting from Libya's civil conflict since 2011, which caused repeated closures of oilfields and discouraged foreign investment.
- BP intends to resume its presence in Libya by establishing operations in Tripoli during the final quarter of 2025 and will undertake technical evaluations of hydrocarbon prospects in key fields and nearby areas.
- NOC Chairman Masoud Suleman said they hope to apply BP's experience to optimize asset performance and called for workforce training to support Libya's oil sector.
- The agreements aim to boost Libya's oil output toward 2 million barrels per day, supporting sustainable growth and economic stability after a decade-long industry disruption.
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CDE NewsBP, Shell to study hydrocarbon potential at three Libyan oilfields
Oil Majors BP and Shell have made agreements with Libya's National Oil Corp to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said on Monday.
Big Oil Is Back to Business in Libya
Libya’s National Oil Corporation (NOC) has signed agreements with supermajors BP and Shell to explore and evaluate the oil and gas potential of several fields in the African country, marking another step in Big Oil returning to doing business in Libya. NOC signed this week a memorandum of understanding with BP under which the UK-based supermajor will conduct studies to assess the potential for hydrocarbon exploration and production in the Messla…
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