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21 Jul 2026

LEES 2027 Knowledge Hub to Map Libya’s $20 Billion Path to 2 Million bpd

LEES 2027 Knowledge Hub to Map Libya’s $20 Billion Path to 2 Million bpd

As Libya advances its goal of increasing oil production capacity to 2 million barrels per day (bpd), attention is turning to the investment, technical expertise and domestic capabilities needed to achieve that target. These priorities will shape discussions at the Knowledge Hub at this year’s Libya Energy & Economic Summit (LEES) 2027, where industry leaders will examine the country’s evolving upstream landscape.

Hosted by the Society of Petroleum Engineers Libya on January 23 and by S&P Global Energy on January 24, the Knowledge Hub will anchor LEES’ technical agenda, bringing together operators, investors, policymakers and service providers to connect market intelligence with project execution while strengthening Libya’s local energy ecosystem.

The program opens with Libya’s Energy Outlook 2030: Production Resilience, Fiscal Readiness and Strategic Opportunities, exploring the National Oil Corporation’s (NOC) roadmap to 2 million bpd and the more than $20 billion in upstream investment expected to support that ambition. Discussions will examine how licensing reforms, project financing and field redevelopment are creating opportunities for Libyan engineering firms, drilling contractors and technical service providers alongside new exploration and production campaigns.

A second session, Offshore West Mediterranean Opportunity, will examine Libya’s expanding deepwater frontier as exploration moves into water depths exceeding 740 meters. Beyond offshore drilling and subsea development, the discussion will focus on building domestic engineering capabilities, strengthening local supply chains and developing the specialist expertise required to support complex offshore projects over the long term.

Operator case studies will demonstrate how integrated partnerships are accelerating project delivery across Libya’s upstream sector. International operators, including TotalEnergies, Eni and Repsol, continue expanding projects in partnership with Libya’s national operating companies, creating demand for drilling services, production optimization, digital technologies, facilities upgrades and specialized engineering expertise. These partnerships are expected to play an important role in transferring knowledge while creating new opportunities for Libyan companies across the upstream value chain.

Much of Libya's production growth is also being driven by the country's national operating companies, whose redevelopment and drilling programs are translating investment into tangible production gains. In early 2026, Sirte Oil Company increased production by more than 4,000 bpd through new horizontal drilling and well reactivation programs, directly supporting the NOC’s production strategy. Zallaf Oil & Gas brought the Chadar field into production in 2025, reaching initial output of 1,500 bpd alongside more than 7.5 million cubic feet of associated gas per day. Together with companies including Waha Oil Company, Mellitah Oil & Gas and Akakus Oil Operations, these projects underscore the growing role of Libyan operators in delivering production growth while creating new opportunities for local contractors, fabricators, equipment suppliers and engineering firms across the upstream value chain.

Complementing these discussions, three technical workshops will provide focused engagement on upstream technologies, operational excellence, workforce development and project execution. Taking place in Tripoli from January 23–25, LEES 2027 will bring together operators, investors, policymakers and service providers to advance the partnerships, technical expertise and local capabilities needed to achieve Libya's 2 million bpd ambition.

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