- Libya has resumed production at Sirte Basin in Libya Revives Oil Production at the Al Maboruk oilfield, initially pumping 5,000 barrels per day (bpd).
- The NOC has set ambitious targets, planning to raise production to 7,000 bpd by the end of the month and 25,000 bpd by July 2025.
Libya’s oil sector is taking a significant step forward with the resumption of production at the Al Maboruk oilfield, marking a crucial milestone in the country’s efforts to restore energy output after years of instability.
The National Oil Corporation (NOC) announced that production at the field in the Sirte Basin officially restarted after a decade-long hiatus, initially pumping 5,000 barrels per day (bpd).
The restart of operations at Al Maboruk is a technical achievement and a strategic move to increase Libya’s crude output. The NOC has set ambitious targets, planning to raise production to 7,000 bpd by the end of the month and 25,000 bpd by July 2025.
This incremental growth highlights the company’s commitment to ramping up production capacity while ensuring a steady supply of crude oil to both local and international markets.
The revival of oil production at this site is expected to contribute significantly to Libya’s economic recovery, given that oil revenues account for over 90% of the country’s income. The move also comes as global energy markets seek stability, with Libya being a key player in the supply chain.
In addition to increasing production, the NOC is taking proactive steps to enhance oil transportation and infrastructure. The company confirmed that crude oil transportation via pipelines to the Al-Bahi field commenced on March 11, signalling improvements in logistics and efficiency within Libya’s oil sector.
Efforts to optimise infrastructure are critical for preventing bottlenecks in crude oil transportation, ensuring timely exports, and improving overall operational efficiency. This strategic shift aims to attract further investment in Libya’s oil industry while reinforcing the country’s role as a reliable energy supplier.
The revival of Al Maboruk is a testament to Libya’s resilience in overcoming challenges in the oil and gas sector. Political instability, security threats, and ageing infrastructure have posed significant hurdles to the country’s energy ambitions. However, with the resumption of production and improved logistics, Libya is positioning itself for a stronger and more stable energy future.
As the NOC continues pushing for increased production and operational efficiency, Libya’s oil sector could play a crucial role in stabilising the national economy and global energy markets. The success of this project may also encourage further investments in exploration and development, paving the way for long-term growth and sustainability in the industry.