Libya’s NOC Accelerates Oil Revival with New Discoveries, Global Partnerships, and 2026 Output Target
Tripoli | 14 August 2025 — Libya’s National Oil Corporation (NOC) is accelerating its oil sector revival through a series of strategic developments aimed at boosting output, expanding partnerships, and building industry capacity.
The momentum follows confirmation of a 4,200 barrels per day (BPD) oil discovery, underscoring Libya’s untapped hydrocarbon potential. To strengthen operational capabilities, the NOC Board has approved a short-term training plan designed to enhance workforce skills across the sector, ensuring readiness for increased production demands.
Strategic collaborations are also deepening. NOC signed four Memoranda of Understanding (MoUs) with Algeria’s Sonatrach, focusing on joint exploration, technical cooperation, and infrastructure development. In a parallel move, ExxonMobil formalized an MoU with NOC, marking a significant step in re-engaging major international players in Libya’s upstream sector.
As part of its expansion agenda, NOC has reaffirmed its commitment to the ongoing exploration bid round, a key driver in attracting fresh investment and diversifying the country’s production base. The corporation’s long-term goal is ambitious—targeting 1.6 million BPD by 2026, with $3–4bn in required investment.
These combined initiatives reflect signs of a renewed stability and confidence in Libya’s oil industry, which has been hampered for years by conflict and infrastructure challenges. By coupling domestic capacity building with strategic international partnerships, NOC is positioning Libya as a competitive and reliable supplier in global energy markets. The corporation’s integrated approach—merging exploration, development, and workforce empowerment—signals a robust trajectory toward its production ambitions and a strengthened role in the regional energy landscape.
