Name: Can Libyan oil production reach 2 million b/d?
Brand: Wood Mackenzie
SKU: 157038
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 18 August 2023

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Report summary

In the next three to five years, Libya hopes to almost double its crude production, with investment of around $4 billion per year. We assess the obstacles that need to be overcome and how realistic this target is. Is there enough investment? We explore both upside and downside risks to production and what affect this may have on the market.

Executive Summary
- 2 million b/d is a longstanding Libyan target
- Libya remains divided with two competing administrations
- Shut-ins and ageing infrastructure threaten revival
- NOCs investment targets won’t be met
- EPSA IV model no longer competitive
- Possible outcomes for Libya production
- How could Libya affect the market outlook in the near term?
- What about post-2030?

Tables and charts

This report includes the following images and tables:

Historical crude production
Competing administrations' areas of influence
Capex by hydrocarbon type

Capital investment in oil projects - NOC/Other
Capital investment in oil projects - Other by company
Libya's main IOC investors investment outlook 2023-2030 by country
Prospectivity vs Fiscal attractiveness index for selected countries competing with Libya’s main investors
Crude oil capacity forecast to 2030