British energy giant BP has announced plans to resume operations in Libya by reopening its office in Tripoli during the fourth quarter of 2025. The move is part of the company’s broader strategy to oversee and advance its projects in the North African country.
The announcement was made during a memorandum of understanding (MoU) signing ceremony held in London, where Eng. Masoud Suleman, Chairman of Libya’s National Oil Corporation (NOC), welcomed BP’s return and emphasized the importance of renewed cooperation.
Suleman expressed hope that BP’s engagement would extend beyond operations, calling for enhanced training programs aimed at building technical and leadership capacities within Libya’s oil sector. “We look forward to BP playing a more prominent role in supporting the development of Libya’s energy industry,” he said.
The MoU outlines BP’s commitment to conduct technical studies evaluating the potential for hydrocarbon exploration and production in the Messla and Sarir oil fields, as well as in adjacent exploration areas.
In a separate development, the NOC also reached an agreement with Shell to assess hydrocarbon prospects and carry out a comprehensive technical and economic feasibility study for the development of the al-Atshan field. The agreement covers fields fully owned by the NOC, excluding areas where third-party interests are involved.
Chairman Suleman acknowledged the efforts of technical teams from both companies for their work in preparing the agreements. He also highlighted the NOC’s ongoing efforts to revitalize the country’s oil sector, noting that such international partnerships are essential to boosting production and fostering long-term economic stability in Libya.
Related topics:
