Chevron has entered Libya with a new upstream block and a co-operation deal with the NOC.
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Oil Reserves48.4 billion barrels
Gas Reserves1.4 tcm
Ibraheim Mejerissi of Wazen Oil Services talks about Libya’s opportunity to increase gas exports to Europe.
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Libya has signed production-sharing agreements with international energy companies to boost upstream exploration and lift output.
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Libya’s NOC has announced three new oil and gas discoveries with Eni, Repsol and Sonatrach across onshore and offshore basins.
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Eni has announced gas discoveries in Libya totalling more than 1 tcf, boosting supply for the domestic market.
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TotalEnergies has restarted production at the Mabruk oilfield in Libya.
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Chevron has entered Libya with a new upstream block and a co-operation deal with the NOC.
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Libya has signed a USD 20-billion oil development deal with TotalEnergies and ConocoPhillips to boost production by 850,000 bopd.
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Saipem has secured contract awards and extensions for $135 million from Eni for offshore drilling work in West Africa, the Mediterranean and Asia.
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