Libya discusses oil investment and production plans with ConocoPhillips

Libya's Minister of Oil and Gas, Khalifa Abdel Sadig, held discussions with ConocoPhillips executives on the sidelines of the Offshore Northern Seas (ONS) 2026 Conference and Exhibition in Stavanger, Norway. The meeting, held between August 24-27, included Kirk Johnson, Executive Vice President of Global Operations and Technical Functions, and Steinar Fagge, President of ConocoPhillips for Europe, the Middle East, and Africa.

The primary focus of the talks was ConocoPhillips' investment plans for the upcoming phase, alongside development programs for the Waha concessions and strategies for increasing production. These discussions build upon a significant agreement reached in 2026, which extended the Waha concessions through to 2050, signaling a long-term commitment.

Beyond investment and production, the meeting also explored opportunities to integrate modern technologies into Libya's oil and gas sector. Developing national expertise was another key topic, emphasizing the importance of empowering the local workforce. Both parties acknowledged the need to expedite the implementation of investment and development projects, addressing any potential challenges to ensure increased production and solidify the enduring partnership between Libya and ConocoPhillips.

The meeting was attended by Faisal Miloud, Chairman of Zueitina Oil Company, and Salem Amdeqish, Libya's Ambassador to Denmark and Norway, underscoring the high-level engagement on these critical energy matters.