Repsol in Libya

Libya is the sixth-largest economy in Africa thanks to its oil, which makes up 95% of its total exports. Libya is bordered by the Mediterranean Sea to the north and shares borders with Tunisia, Algeria, Niger, Chad, Sudan, and Egypt.

Repsol’s first exploration and production activities in Libya date back to the early seventies with a focus on our Upstream business. Since then, the success achieved by Repsol in its projects and discoveries have contributed to making Libya one of the most outstanding countries for Repsol's growth strategy, and are also making a strong contribution to the development and consolidation of the current and future wealth of the country.

Repsol carries out its exploration operations through its subsidiary Repsol Exploration Murzuq S.A. (REMSA), while the development and production operations are operated by Akakus Oil Operations;  a Joint Operating Company on behalf of the Libyan National Oil Corporation (First Party) and Repsol, TotalEnergies, OMV and Equinor (Second party). The El Sharara assets have the potential of producing around 350 thousand barrels of oil per day. Production is evacuated to the tank farm located in the city of Zawia, 723 kms from the El Sharara Field. The tank farm has a capacity of 2.7 million barrels and is feeding the local refinery as well as the tanker loading facilities for export. 

Main figures, lines of action, and facilities map

In 2008 REMSA, together with TotalEnergies, OMV and Equinor* (Second Party) signed the migrated Exploration and Production Sharing Agreements (EPSA III) to EPSA IV for both Contract Areas with REMSA remaining the Operator of the exploration activities.

REMSA’s share in the exploration activities is as follows:

• Contract Areas 129/130 (NC115): 40%.
• Contract Areas 130/131 (NC186): 32%.

For the El Sharara production activities, the maximum Second Party share of production is 13% in Contract Areas 129/130 (NC115) and 12% in Contract Areas 130/131 (NC186). The share of production for REMSA in the 13% and 12% is also 40% and 32%, respectively.

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*Equinor is a second party member in NC186 (CA 130-131) only.

Contact
Repsol Exploración Murzuk
Oficinas REMSA - Tower 3,
Dat El Imad Tower Complex
Tripoli, Libya

_{Last updated: October 2024}