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Country summary: Libya

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Libya - recent news

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.
08 Jan 24
Libya's National Oil Corporation declares force majeure at the Sharara oil field
Libya's National Oil Corporation has declared a force majeure on the Sharara oil field effective Sunday, January 7th, 2024, due to it's closure by protesters. The closure has resulted in the suspension of crude oil supplies from the field to Zawiya terminal.
19 Oct 23
Libya: NOC and Equinor sign MOU to study and evaluate the oil and gas potential offshore Libya
Libya's National Oil Corporation has signed a memorandum of understanding with the Equinor to study and evaluate the oil and gas potential offshore Libya.
09 Aug 23
Libya: Saipem awarded offshore contract for BGUP project in Libya
Saipem has been awarded a new contract by Mellitah Oil & Gas Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa, for the development of the Bouri Gas Utilisation Project (BGUP), worth approx. 1 billion USD.
03 Aug 23
Libya: Eni revokes force majeure status on three exploration assets in Libya
Eni formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%.

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