Libya’s National Oil Corporation (NOC) has entered into a memorandum of understanding with Türkiye’s state-owned oil company, Türkiye Petrolleri Anonim Ortaklığı (TPAO), to advance offshore energy exploration, the NOC confirmed on Wednesday.
The agreement outlines plans to conduct comprehensive geological and geophysical assessments across four offshore blocks. This initiative aims to identify untapped hydrocarbon reserves in Libyan waters, potentially opening new avenues for oil and gas production.
In addition to the planned studies, the two companies discussed implementing a two-dimensional seismic survey covering a distance of 10,000 kilometers. The data collected from this survey will be analyzed and processed within a period not exceeding nine months, according to the statement released by the NOC.
The memorandum was formally signed in Istanbul by senior representatives from both organizations. While no further details were disclosed, the move signals a deepening of energy cooperation between Libya and Türkiye.
As Libya works to rebuild its oil sector following years of political and security challenges, partnerships like this are seen as essential to restoring production capacity and exploring new offshore opportunities. The agreement with Türkiye adds to a series of efforts by Tripoli to attract foreign investment and technical expertise in a bid to revitalize its energy industry.