France's Total renews willingness to develop partnership with Libya in oil and gas fields 

France's Total renews willingness to develop partnership with Libya in oil and gas fields 

August 26, 2022 - 23:07
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Written By: AbdulkaderAssad

The Chairman of the Libyan National Oil Corporation (NOC), Farhat Bengdara, met in Paris Thursday with the CEO of French oil company Total, Patrick Pouyanné, and discussed TotalEnergies’ multi-energy strategy and activities in Libya, as well as the ongoing implementation of the strategic agreements signed with the Libyan authorities in November 2021 for the sustainable development of the country’s natural resources.

Total said on its website that Pouyanné confirmed to Bengdara the full commitment of TotalEnergies to Libya, and expressed his willingness to launch new investments to increase Libya’s oil production for supplying the world market as well as gas output for both the domestic and the European export markets.

Pouyanné and Bengdara also discussed TotalEnergies’ willingness to strengthen its investments in Libya’s renewable energy sector as the former stressed that TotalEnergies aims to help Libya in building a more sustainable future through an improved use of its natural resources, including solar energy, which will directly improve the accessibility of cleaner, more reliable and more affordable electricity to the Libyan people.

"The production following the 2021 agreement was 84,000 boe/d. This production came from the offshore Al Jurf field (TotalEnergies, 37.5%), the El Sharara onshore area (TotalEnergies, 15% on block ex-NC 115 and 12% on Block ex-NC 186) and the Waha fields (TotalEnergies, 20.41%, after the joint acquisition of Hess interest)." Total said.