The oil-focused website Energy Capital & Power reported on Sunday that French energy giant TotalEnergies will begin early production at the Mabrouk oil field in late February or early March, marking an important step in the recovery of Libya’s exploration and production sector.
According to the website, TotalEnergies CEO Patrick Pouyanné announced this during the Libya Energy & Economic Summit held in Tripoli on January 24. Early production will be enabled through a newly installed early production facility with an initial capacity of 25,000 barrels per day.
Pouyanné said: “This is an important step in restoring Libya’s exploration and production potential.”
He added: “By restarting the field with low-emissions infrastructure, we demonstrate our long-term commitment to Libya and support the growth of the country’s energy sector.”
The website explained that the Mabrouk oil field is located within the concession area approximately 130 kilometers south of Sirte and 30 kilometers from nearby facilities. It is operated under a development and production-sharing agreement, in which TotalEnergies holds a 75% stake, while the remaining 25% is owned by SAGA Petroleum, a subsidiary of Equinor. The current contract for the field expires in March 2028.
The announcement regarding the Mabrouk field coincides with the signing, on the same day, of a historic 25-year oil development agreement between the National Oil Corporation (NOC), TotalEnergies, and ConocoPhillips. The agreement covers several assets, including Waha concession fields, and involves foreign investments exceeding $20 billion. It aims to increase production from approximately 340,000–400,000 barrels per day to as much as 850,000 barrels per day.
ConocoPhillips CEO Ryan M. Lance said: “The agreement with TotalEnergies is a great example of Libya’s commitment to encouraging foreign participation in the country, and we urge our partners to contribute to enhancing international competitiveness.”
ConocoPhillips, which participated in the opening ceremony of the Libyan Atomic Energy Exhibition alongside TotalEnergies, also reaffirmed its interest in further investment opportunities in Libya, including participation in the country’s upcoming licensing round, according to the website.
