On July 7, 2025, the Libyan National Oil Corporation (NOC) announced a new agreement with international oil companies BP and Shell to study the hydrocarbon potential in three Libyan oil fields. These agreements involve in-depth technical and economic studies to explore and develop new extraction activities.
BP will reopen its Tripoli office in the last quarter of 2025, after more than a decade of absence caused by political instability following the fall of Muammar Gaddafi in 2011. Specifically, BP has signed a memorandum of understanding with the NOC to assess exploration and production opportunities in the Messla and Sarir fields, as well as some surrounding areas.
Shell, for its part, has initiated a technical and economic analysis for the development of the Atshan field and other state-owned fields.
Libya, Africa’s second-largest oil producer and an OPEC member, has seen renewed interest in recent years from major international energy companies like Eni, OMV, Repsol, and even BP and Shell, who had halted operations due to the civil conflict. National production has reached 1.385 million barrels per day in the last 24 hours, according to the official NOC website.
