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    1. Home
    2. >Finance
    3. >Spain's Repsol resumes oil exploration in Libya after 10-year hiatus
    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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    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.
    Repsol oil exploration resumption in Libya's Murzuq basin - Global Banking & Finance Review
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    Quick Summary

    Repsol has resumed oil exploration in Libya's Murzuq basin after a 10-year hiatus, with drilling near the Sharara oil field.

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

    1What is the main topic?

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

    2Why is this significant?

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

    3Where 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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