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🛒 تسوق الآنLibya Turns to Marginal Oilfields to Boost Production to 1.6 Million Barrels Daily
Libya Turns to Marginal Oilfields to Boost Production to 1.6 Million Barrels Daily
Libya Partners with SLB to Unlock Marginal Oilfield Potential
Libya's National Oil Corporation (NOC) is partnering with oilfield services giant SLB to develop more than 40 marginal oilfields across the country, a strategic move aimed at raising crude output to 1.6 million barrels per day by the end of 2026. The initiative could transform smaller, previously uneconomical assets into major contributors to Libya's energy revival and long-term production growth.
NOC chief Masoud Suleiman met with SLB executives on Monday to discuss the development of these fields, workforce training, and technology transfer, according to Libya Observer. The two sides also agreed to establish a roadmap for Libyans to gradually take on leadership roles in the sector, including at regional and international levels.
40+ Marginal Fields Could Add 200,000 Barrels Daily
Marginal oilfields — assets that are not commercially viable under conventional production methods — represent a significant opportunity for Libya. Each of the 40+ fields is expected to produce between 5,000 and 20,000 barrels per day. Combined, they could support the NOC's ambition to increase production capacity to 2 million barrels per day by 2030.
The fields span the Sirte, Murzuq, Ghadames, and Sabratha basins, covering both producing and non-producing onshore and offshore assets. The auction program, originally announced at the Libya Energy Conference in London in July 2025, is slated to launch before year-end and will rely on advanced enhanced oil recovery (EOR) techniques including water flooding, gas injection, and chemical flooding.
Key Facts: Libya's Marginal Field Development Strategy
- 40+ marginal oilfields to be auctioned across four major Libyan basins
- Each field expected to yield 5,000–20,000 barrels per day
- NOC targets 1.6 million bpd by end of 2026 and 2 million bpd by 2030
- SLB separated its Libyan operations from North Africa division in March 2026 to establish a standalone business unit
- NOC reported $4 billion in revenue in May 2026 — highest monthly figure in a decade
- Output reached 1.43 million barrels per day in April 2026 — highest in ten years
Technology Transfer and Local Workforce Development
Technology transfer and local workforce development are central priorities of the NOC-SLB partnership. The two companies agreed to create a structured roadmap for Libyan engineers and technicians to assume leadership positions in oilfield operations. In August 2025, Suleiman invited SLB to establish manufacturing facilities in Libya to produce oilfield equipment locally, a move that would reduce reliance on imports and create jobs for young Libyans.
"The NOC welcomed SLB's decision to establish a standalone business unit in Libya, saying it would improve operational efficiency and provide greater flexibility for the sector's growth," according to Libya Observer.
Libya Connection: What This Means for the Libyan Economy
For Libya, the marginal field development program represents far more than an energy sector initiative — it is an economic lifeline. The country's oil revenues fund the vast majority of government spending, and the NOC's record $4 billion monthly revenue in May 2026 demonstrates the sector's capacity to drive national prosperity. Expanding production through marginal fields could generate thousands of jobs, attract foreign investment, and reduce the country's dependence on aging infrastructure. However, success depends on overcoming political divisions that have historically slowed project implementation and left the NOC without an approved operating budget during 2025.
Looking Ahead: LEES 2026 and the Road to 2 Million Barrels
The Libya Energy & Economic Summit (LEES) 2026, scheduled for January 24–26 in Tripoli, will serve as a key platform to advance dialogue around marginal field development, fiscal frameworks, and upstream partnerships. If executed effectively, marginal fields could become a cornerstone of Libya's upstream recovery, transforming relatively modest assets into a substantial contribution toward the two-million-barrel production target. For a nation seeking economic stability through energy leadership, these small fields may hold the biggest promise.
— LibyaPress / Economy Desk
