Today, let’s explore a strategic move reshaping Libya’s oil sector: the renewed interest of BP and Shell. These British giants, backed by Libya’s National Oil Corporation (NOC), are stepping back into Libyan energy — signaling not only confidence in the country’s stabilization efforts, but also potential opportunities ahead.
The Renewed Momentum
It’s been over a decade since foreign supermajors actively engaged in Libya following the 2011 conflict. Now, BP and Shell have signed memoranda of understanding (MoUs) with the NOC to assess hydrocarbon potential in three key fields. BP will examine the Messla and Sarir fields, while Shell is evaluating Atshan and adjacent fields.
These MoUs mark more than just paper agreements — they represent a concrete pivot by global energy firms toward Libya. It underscores growing confidence in Libya’s long-term production potential.
Messla and Sarir: Proven, Yet Revivable
Messla and Sarir are far from unknown names. Messla is a mature asset requiring revitalization, while Sarir, discovered in 1961, remains one of Libya’s largest producers.
BP’s task will be to assess whether these fields can undergo redevelopment, and to identify new opportunities in surrounding “unconventional” zones. With Sarir spanning 12 billion barrels of oil in place, the upside is significant — if technical and security conditions align.
Shell’s Atshan Move: A Strategic Step
Shell’s focus is on the Atshan field and wholly NOC-owned assets. Though less heralded than Sarir, Atshan is a niche yet important field. Shell’s MoU, too, is centered on technical and economic feasibility studies.
This cautious but targeted approach signals Shell’s longer-term commitment to Libya — starting with engineering studies before scaling up operations.
Tripoli Office Reopens: A Symbolic Milestone
BP has also announced plans to reopen its Tripoli office in Q4 2025. This is not just administrative: it positions BP for direct engagement with Libyan stakeholders, on-ground project oversight, and improved responsiveness to evolving conditions.
For BP, it’s a re-establishment of presence after suspending play during the 2011 upheaval, and later selling part of its interests to Eni in 2022.
A Turning Tide in Libya’s Oil Strategy
These agreements coincide with a historic development: Libya’s first licensing round in 17 years, launched in early 2025. The NOC aims to boost production from around 1.4 million barrels per day today to 2 million to 3 million within the coming years.
BP and Shell aren’t jumping in alone — Eni, OMV, and Repsol are already at work. Yet, BP and Shell bring decades of technical prowess and financial backing, giving weight to Libya’s ambitions.
Challenges Ahead: Political and Operational
Despite the optimism, risks remain. Libya’s oil production remains sensitive to internal tensions between Tripoli and eastern factions, which have historically disrupted operations.
Infrastructure is another hurdle. Field redevelopment requires not just geology, but peace, logistics, and cybersecurity — all areas where Libya needs modernization. Joint studies by BP and Shell will need to incorporate these dimensions.
Why It Matters to the Industry & Investors
- First‑mover advantage
By re-entering now, BP and Shell are carving strategic positions in assets that have long been under-developed — and likely available at favorable terms. - Market dynamics
As OPEC seeks to stabilize global supply, Libya’s ability to restore output could add a key buffer — BP and Shell’s involvement lends credibility. - Regional signal
International energy presence from respected IOCs sends a message of confidence — not just economically, but institutionally. It reflects Libya’s slow yet meaningful steps toward market normalization.
What Lies Ahead?
- 2025 Q4: BP officially reopens Tripoli office.
- 2026–2027: Feasibility and redevelopment studies wrapping up.
- Late decade: Potential reactivation of Sarir, Messla, and Atshan, dependent on investment and stable governance.
For your website’s audience, this is an inflection point. These agreements mark the beginning of Libya’s possible transition back to top-tier oil production, with Western majors again steering the process.
Thank you for reading. Stay tuned as we bring further updates on study outcomes, bidding round progress, and geopolitical shifts — tracking how BP and Shell’s pace aligns with Libya’s aspirations.
References
- BP, Shell to study hydrocarbon potential at three Libyan oilfields. Reuters, July 7, 2025.
- BP and Shell sign Libya deals as majors accelerate return after civil war. Financial Times, July 8, 2025.
- Supporting sources from Energy News, Energy Capital & Power, and NS Energy Business.
