Opening the session with a keynote, Abdellah Merad, Executive Vice President of Core Services & Equipment at SLB, highlighted the company’s long-standing presence in Libya and its commitment to innovation. “We are pushing the boundaries of what’s possible, integrating digital solutions and advanced technologies to drive both development and sustainability. Decarbonization is a core element of every new project we undertake.” He further emphasized the role of technology in the sector’s transformation, stating, “AI and automation will be the X factor in shaping the future of energy.”

Focusing on efficiency and emissions reduction, Lorenzo Simonelli, Chairman & CEO of Baker Hughes, discussed the company’s approach to hydrocarbon development. “Baker Hughes is an energy technology company operating across the entire value chain. Our goal is to make hydrocarbons more efficient while lowering emissions.”

Gokhan Yarim, Senior Vice President – Integration Global, SLB, detailed advancements in oil recovery technologies. “As we work towards the two million bpd target, we have introduced well-shutting technologies that have improved production by 50%-60% while reducing water production by 90%. Minimizing and utilizing associated gas is also a key focus in reaching this goal.”

Shifting to investment and market dynamics, Sherif Foda, Chairman & CEO of NESR, highlighted Libya’s competitive advantage. “Libya is one of the lowest-cost producers, so with rising oil prices, we can expect increased activity. The real strength lies in Libya’s talented workforce, which makes the two million bpd target more attainable.”

Ahmet Türkoğlu, General Manager of Türkiye Petrolleri, reinforced confidence in Libya’s growth potential. “I have no doubt that Libya will surpass the two million bpd mark. We are planning to rebuild our relationship with the country and invest. Offshore exploration presents significant opportunities and we are studying both new and existing blocks to enhance their performance.”

Addressing sector stability and sustainability, Ariel Flores, Senior Vice President - Subsurface at bp, underscored the importance of long-term planning. “We are working with our partners to contribute to Libya’s energy future—onshore, offshore, and gas—while ensuring sustainability through renewables.”

Echoing the call for strategic investment, Dag Sanner, President - Libya at ConocoPhillips, noted Libya’s progress. “With Waha successfully increasing production, Libya is beginning to reap the benefits of past investments. Moving forward, prioritizing international competition will be essential for long-term success and economic attractiveness.”

Closing the discussion, Dr. Omran Abukhris, Manager of Strategic Planning Office at Libya’s National Oil Corporation (NOC), emphasized workforce development. “The key question is: How do we build human capacity? How do we improve training and help Libyans find employment? Investing in people, infrastructure, and local hiring should be a top priority.”