Titled “Scaling Up: Maximizing Recovery, Marginal Fields, and the Road to 2 Million BPD,” the session will explore the technical, commercial and investment strategies underpinning Libya’s upstream growth agenda, with a focus on enhanced recovery from aging fields and the development of smaller, underutilized reservoirs.

The discussion comes at a pivotal moment for Libya’s hydrocarbons sector. By late 2025, national production had risen to approximately 1.38-1.41 million bpd, up sharply from 2024 levels, supported by brownfield redevelopments, infrastructure rehabilitation and new fiscal incentives. These efforts are being coordinated in close alignment with Libya’s Ministry of Oil and Gas, with the National Oil Corporation (NOC) targeting 1.6 million bpd by end-2026 and 1.8 million bpd by 2027, with marginal fields and mature asset optimization identified as the fastest route to near-term gains.

On the ground, Libya’s production growth strategy is anchored by the redevelopment of legacy giants alongside the commercialization of smaller discoveries. Brownfield programs are advancing across Sarir, Messla and Al-Atshan, following the signing of technical and economic feasibility studies with bp and Shell in mid-2025. Backed by policy support from the Ministry of Oil and Gas, Waha – a cornerstone of near-term growth that reached a multi-year high of 365,000 bpd – is being expanded through projects such as North Gialo (100,000 bpd), NC-98 (80,000 bpd), involving partners including TotalEnergies and ConocoPhillips, and new gas wells at Al-Faregh.

Additional gains are coming from El Feel, operated by Mellitah Oil & Gas with Eni, which added more than 5,000 bpd through new drilling in late 2024, alongside ongoing upgrades at Amal and proposed joint development of NC-7 with a consortium led by Eni and including TotalEnergies, the Abud Dhabi National Oil Company and the Turkish Petroleum Corporation. In parallel, the NOC is preparing auctions for over 40 marginal fields expected to yield 5,000-20,000 bpd each, supported by discoveries in the 2025 bid round totaling an investment of 1.63 billion barrels of oil equivalent across the Sirte, Murzuq, Ghadames and Sabratha basins, as well as satellite developments such as Erawin tied back to El Sharara infrastructure.

The panel will feature Heimo Muckenschnabl, CEO of Libyan Development Company (LDC); Ahmed Ibraheem, CEO of Contango Oil & Gas Services; and Zsombor Marton, Group Exploration & Production Executive Vice President at MOL PLC – executives representing engineering, services and upstream operating perspectives central to Libya’s growth strategy.

LDC has emerged as a key national player supporting both upstream and infrastructure projects, delivering EPC and oilfield services across Libya. Recent work includes upgrades to the Waha water injection pipeline and infrastructure projects for Akakus Oil Operations, directly aligned with NOC’s emphasis on sustaining output from mature fields through pressure maintenance and asset integrity programs. As a National Sponsor of LEES 2026, LDC continues to play an active role in shaping Libya’s industrial agenda.

Contango Oil & Gas Services brings deep operational expertise in maintenance, engineering and commissioning, supporting brownfield reliability, workovers and rotating equipment performance. With new partnerships formed in late 2025 to support international operators entering Libya, the company is positioned at the intersection of marginal field development and mature asset optimization. Meanwhile, having qualified as an operator for Libya’s first licensing round in 17 years, MOL is expanding from downstream lubricants into upstream investment, aligning with the NOC’s strategy to attract technically capable partners to both exploration and redevelopment projects.

“For investors and operators, this esteemed session will offer practical insight into how modular facilities, enhanced oil recovery, artificial lift and targeted infrastructure investment can translate policy reform into sustained production growth – reinforcing Libya’s pathway to 2 million barrels per day and renewed relevance in global energy markets,” states James Chester, CEO, Energy Capital & Power.

Unitevi ai leader del settore al Libya Energy & Economic Summit 2026 a Tripoli ed esplorate le opportunità di investimento in uno dei mercati energetici più dinamici del Nord Africa. LEES 2026 offre una piattaforma di primo piano per partenariati, innovazione e crescita del settore. Visitate il sito www.libyasummit.com per assicurarvi la vostra partecipazione. Per sponsorizzare o partecipare come delegato, contattare sales@energycapitalpower.com.