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Finance

Spain's Repsol resumes oil exploration in Libya after 10-year hiatus

Published by Global Banking & Finance Review

Posted on December 31, 2024

1 min read

· Last updated: January 27, 2026

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Repsol oil exploration resumption in Libya's Murzuq basin - Global Banking & Finance Review — The image depicts Repsol's oil exploration activities in Libya's Murzuq basin, marking a significant return after a decade. This development highlights Repsol's renewed commitment to oil production in Libya.

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Repsol Restarts Oil Exploration in Libya After Decade

CAIRO (Reuters) - Spain’s Repsol has resumed oil exploration in Libya after 10 years, the state oil firm NOC said in a statement on Tuesday.

NOC said Repsol had started drilling in a well in the Murzuq basin, about 12 km from Libya's largest oil field, Sharara.

(Reporting and writing by Ahmed Elumami; Editing by Kevin Liffey)

Key Takeaways

Repsol resumes oil exploration in Libya after 10 years.
Drilling started in the Murzuq basin near Sharara oil field.
NOC confirmed the resumption of activities.
Libya's energy sector sees renewed interest.
Repsol's return marks a significant development.

Frequently Asked Questions

What is the main topic?

The main topic is Repsol's resumption of oil exploration activities in Libya after a 10-year hiatus.

Why is this significant?

This marks a significant development in Libya's energy sector, indicating renewed interest and potential growth.

Where is the drilling taking place?

Drilling is taking place in the Murzuq basin, approximately 12 km from the Sharara oil field.

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