The website XP Group Marks revealed that over the past few years, XP Group has expanded its international presence with projects in several countries, including Libya. The company has secured eight concession licenses and three major 15-year production enhancement contracts, bolstering its reputation as a trusted partner for energy companies and international operators.
According to the website, David Martinon, CEO and co-founder of XP Group, stated:
“Our $250 million investment reflects XP Group’s commitment not only to increasing production but also to responsible and sustainable field management. This milestone is a testament to the dedication of our employees, our innovation-driven mindset, and our unwavering focus on minimizing environmental impact. As we look to the future, we remain committed to operational excellence, digital transformation, and sustainable growth.”
The website also highlighted that XP Group’s operational achievements were driven by extensive data-based and AI-powered analytics, with over 4,250 well maintenance operations, more than 700 additional maintenance tasks, and the upgrade or restructuring of nearly 50 production facilities. These efforts resulted in a 21 million barrel increase in oil and gas production across its operated fields, according to the site.
