The international oil company BP has confirmed its intention to resume operations in Libya and reopen its office in the capital, Tripoli, within the last quarter of 2025. This move aims to manage its projects and closely supervise their progress in the country.
The MoU signed between NOC and BP stipulates that the company will conduct studies to assess the potential for hydrocarbon exploration and production in the Messla and Sarir fields, as well as in some surrounding exploration areas.
In a separate meeting, the NOC reached an agreement with Shell for the company to evaluate hydrocarbon prospects and conduct a comprehensive technical and economic feasibility study to develop the al-Atshan field and other fields fully owned by the NOC, excluding any areas where third parties, other than the NOC and Shell, have rights.
It is worth noting that achieving these accomplishments is the result of the tireless efforts made by the NOC, which aim to advance the Libyan oil sector and increase productivity, thus leading to lasting economic stability in Libya.