Libya’s National Oil Corporation (NOC) and global energy firms TotalEnergies, Eni, OMV, Repsol, and Nabors outlined key strategies and milestones to boost oil and gas production during the Libya Energy & Economic Summit 2025 on January 18.
TotalEnergies emphasized its recent onshore exploration efforts and promising prospects in the Sirte and Murzuq basins.
“Libya holds 40% of Africa’s reserves, yet much of it remains untapped,” stated Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget outlined the company’s 2025 plans, which include finalizing an onshore project and exploring the Waha and Sharara fields, adding, “We anticipate results next week.”
Eni’s Upstream Director, Luca Vignati, expressed confidence in Libya’s potential, detailing the company’s plans to launch three exploration plays across shallow, deepwater, and ultra-deep offshore areas. “No other nation offers such opportunities,” he remarked. Vignati also highlighted Eni’s $10 billion investment in the Greenstream gas pipeline and its plans for a CO2 capture and storage facility in Mellitah.
Repsol reaffirmed its commitment to advancing exploration in Libya by tackling challenges and striving to achieve ambitious production goals.
“Over the past ten years, Libya has made substantial progress in combating natural field decline and promoting exploration,” noted Francisco Gea, Executive Managing Director of Exploration & Production at Repsol. “We have reached 340,000 barrels per day, and with collaboration, the two-million-barrel target is attainable.”
Nabors emphasized innovation’s role in maximizing production and accelerating exploration. “By applying advanced technologies, we can enhance efficiency, cut costs, and improve operational safety,” said Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.
Bashir Garea, Technical Advisor to the NOC Chairman, underscored Libya’s vast oil and gas resources. “Our discovered but undeveloped oil stands at 48 billion barrels, with a total potential of 90 billion barrels, particularly offshore,” he shared. Garea also highlighted Libya’s untapped gas reserves, stating, “With 122 trillion cubic feet of undeveloped gas, we need more investors and advanced technology to unlock this potential, especially for revitalizing brownfields.”
“Our comprehensive strategy focuses on the entire value chain, with an emphasis on enhancing infrastructure to optimize production and efficiency,” added Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.
African Energy Council