Libya: TotalEnergies Announces the Restart of Production at the Mabruk Field

Core Viewpoint - TotalEnergies has announced the restart of production at the Mabruk oil field in Libya, marking a significant step in the company's long-term commitment to the region and aligning with its strategy for sustainable growth [1]. Group 1: Production Restart - The Mabruk oil field, where TotalEnergies holds a 37.5% interest, is located onshore in concession C17, approximately 130 km south of Sirte [1]. - Production at the Mabruk field was halted in 2015, and a new production unit with a capacity of 25,000 barrels per day was initiated in May 2024, with startup occurring on February 28, 2026 [1]. Group 2: Strategic Commitment - The restart of production at Mabruk is part of TotalEnergies' broader strategy to achieve 3% annual production growth until 2030, emphasizing low-cost and low-emissions oil production [1]. - TotalEnergies is celebrating its 70th anniversary in Libya this year, highlighting its long-standing presence and commitment to the country [1]. Group 3: Production Statistics - In 2025, TotalEnergies' production in Libya averaged 113,000 barrels of oil equivalent per day, sourced from various fields including Al Jurf, El Sharara, Mabruk, and the Waha concessions [1]. - The Waha concessions are jointly held by the National Oil Corporation (NOC) (59.16%), TotalEnergies (20.42%), and ConocoPhillips (20.42%), and are operated by Waha Oil Company [1].