Insight
Can Libyan oil production reach 2 million b/d?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
-
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 productionCompeting administrations' areas of influenceCapex by hydrocarbon type
-
Capital investment in oil projects - NOC/OtherCapital investment in oil projects - Other by companyLibya's main IOC investors investment outlook 2023-2030 by countryProspectivity vs Fiscal attractiveness index for selected countries competing with Libya’s main investorsCrude oil capacity forecast to 2030
What's included
This report contains:
Other reports you may be interested in
Asset Report
Altius Petroleum Contract Area (KNOC)
Korea National Oil Corporation (KNOC) is the main shareholder in Altius Petroleum, which operates the Akzhar (post-salt) field in west ...
$3,720
Asset Report
Upper Zakum
The giant Zakum oil and gas field is located in Abu Dhabi's offshore area. The partners plan to increase production to 1.2 million b/d.
$3,720
Asset Report
Karakuduk
Karakudukmunai (KKM), a fully owned subsidiary of Sinopec, operates the Karakuduk oil field in southwest Kazakhstan.Karakuduk oil ...
$3,720
