British energy company Shell is expected to submit its final study on oil and gas exploration opportunities in Libya by the end of May, marking a new step in expanding cooperation between international energy firms and Libya’s oil sector.
The announcement followed meetings held in London between officials from Libya’s National Oil Corporation, representatives of the Arabian Gulf Oil Company, and executives from Shell as part of ongoing discussions regarding future exploration and production projects in Libya.
National Oil Corporation Chairman Masoud Suleman stated that Shell confirmed the study has entered its final stages and is expected to be officially delivered before the end of the month.
The talks focused on cooperation linked to a memorandum of understanding signed between both sides in 2025, which aims to strengthen partnerships in oil exploration, production development, and redevelopment of mature hydrocarbon assets across Libya.
One of the key areas discussed during the meetings was the redevelopment of existing oil fields, including the Al-Atshan field, alongside broader efforts aimed at increasing Libya’s crude oil and natural gas production capacity.
According to officials, Shell presented preliminary findings from the study during the London discussions, including proposals involving advanced enhanced oil recovery technologies designed to improve extraction efficiency and maximize production levels.
Both sides also reviewed technical matters related to future exploration and development programs, focusing on how Shell’s expertise and advanced technologies could support high-quality energy projects inside Libya.
Masoud Suleman said the expected findings from the study could play an important role in supporting Libya’s strategy to raise production capacity and improve the use of the country’s hydrocarbon reserves.