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Country summary: Libya

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Libya - recent news

07 Jan 25
Libya: Oil production surpasses 2024 target by over 17,000 barrels
Libya's National Oil Corporation (NOC) ends 2024 with immense pride and satisfaction, having successfully overcome the extraordinary challenges facing the country. A key highlight of this success is the significant boost in oil production, which has exceeded the target outlined in the NOC’s plan for the year.
07 Jan 25
Libya: Repsol resumes exploratory drilling in Libya
Repsol has resumed its exploration activities in the Murzuq Basin after more than a decade of suspension, which began in 2014. On December 31, 2024, the company commenced drilling operations at the A1-2/130 (Neser Prospect) exploratory well.
28 Oct 24
Libya: After a halt since 2014 - Eni and BP resume operations in Libya
Eni and BP have resumed their exploration activities in Libya after halting drilling operations in the onshore region since 2014. Meanwhile, Repsol is preparing to restart drilling in the Murzuq Basin, and OMV is set to begin operations in the Sirte Basin in the coming weeks.
19 Jul 24
Libya/Italy: Saipem will ensure the subsea intervention services for the Libya - Italy pipeline
Saipem has been awarded a contract to ensure the supervision and the subsea intervention services of the GreenStream pipeline throughout the offshore and onshore sections at the Mellitah (Libya) and Gela (Sicily, Italy) terminals.
22 Jan 24
Libya's National Oil Corporation lifts force majeure and resumes full production from Al Sharara field
Libya's National Oil Corporation has lifted force majeure and resumed full production from the Al Sharara field. Libya's NOC had declared force majeure on the Sharara oil field effective January 7th, 2024, due to it's closure by protesters.

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