Latest news with #TPAO
Libyan Express
2 days ago
- Business
- Libyan Express
Libya and Turkey sign offshore energy deal
BY Libyan Express Jun 26, 2025 - 06:13 NOC and TPAO ink exploration agreement as tensions rise in eastern Mediterranean Libya's National Oil Corporation (NOC) has signed a Memorandum of Understanding (MoU) with the Turkish Petroleum Corporation (TPAO), paving the way for offshore oil and gas exploration in Libyan waters. The agreement was formalised in Istanbul by NOC Chairman Masoud Suleiman and TPAO Director Ahmet Türkoğlu. According to a statement issued by the NOC, Turkish Petroleum will undertake extensive geological and geophysical studies across four offshore areas deemed to have strong exploration potential. As part of the MoU, a two-dimensional seismic survey will be conducted, covering an estimated 10,000 kilometres. The data collected will then be processed in detail, with the entire programme expected to be completed within nine months. The deal comes at a time of renewed maritime tensions between Libya and Greece. Just days earlier, Libya's Tripoli-based Government of National Unity (GNU) summoned the Greek ambassador, Nikolaos Garilidis, to protest what it described as Athens' 'unilateral actions' in contested maritime zones. The move followed an announcement by Greek Prime Minister Kyriakos Mitsotakis that naval vessels would be deployed to international waters off the Libyan coast. He described the operation as a 'precautionary measure' aimed at monitoring irregular migration, and claimed it would be carried out 'in coordination with Libyan authorities and other European forces'. 'Smugglers will not dictate who enters our country,' Mitsotakis stated. Both the GNU and Libya's rival eastern-based administration have issued strong objections to Greece's recent international tenders for hydrocarbon exploration south of Crete, arguing that parts of the designated areas fall within Libya's undelimited maritime jurisdiction and sovereign rights. The agreement between the NOC and TPAO is likely to add further complexity to already fraught regional maritime relations, particularly in the eastern Mediterranean, where longstanding disputes over energy rights and territorial waters persist. The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express. How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@ Please include 'Op-Ed' in the subject line.
Libya Review
3 days ago
- Business
- Libya Review
Libya's NOC Signs Offshore Exploration Deal with Turkey's TPAO
The National Oil Corporation of Libya (NOC) has signed a Memorandum of Understanding (MoU) with the Turkish Petroleum Corporation (TPAO) to launch geological and geophysical studies in four offshore areas, marking a new phase in energy cooperation between Libya and Turkey. The agreement was signed during a formal ceremony held in Istanbul on Monday, with NOC Chairman Eng. Masoud Suleiman representing Libya's state oil company, and General Manager Ahmet Türkoglu signing on behalf of TPAO. Under the MoU, TPAO will carry out comprehensive geological and geophysical evaluations in the designated offshore zones. The programme includes a two-dimensional seismic survey covering approximately 10,000 kilometres, with a firm timeline of no more than nine months for completing the data processing and analysis. According to NOC's official statement, this collaboration reflects the corporation's commitment to revitalising offshore exploration and attracting foreign expertise to enhance Libya's hydrocarbon output. The study aims to unlock the potential of Libya's underexplored offshore basins, which could significantly contribute to future production increases. Discussions during the signing also touched on technical cooperation, knowledge exchange, and the potential for further partnerships in upstream operations. The agreement comes at a time when Libya is seeking to stabilise and expand its oil and gas production capacity after years of political and infrastructural setbacks. TPAO has previously expressed interest in strengthening its presence in the Eastern Mediterranean and North African energy markets, and this MoU could serve as a strategic foothold for long-term Turkish involvement in Libya's energy sector. NOC confirmed that both parties are committed to transparent collaboration and timely execution of the agreed study phases, setting the stage for potential exploration and drilling in Libya's offshore frontiers.i Tags: libyanocoilOil ExplorationTPAOTurkey
Asharq Al-Awsat
3 days ago
- Business
- Asharq Al-Awsat
Libya Signs Geological, Geophysical MoU with Türkiye on Offshore Areas, NOC Says
Libya's National Oil Company (NOC) had signed a memorandum of understanding with Turkish state oil company TPAO to conduct a geological and geophysical study of four offshore areas, NOC said on Wednesday, Reuters reported. "Discussions were also held regarding conducting a two-dimensional seismic survey (10,000 km long), and processing the data resulting from these surveys within a period not exceeding 9 months," Libya's state oil firm said in a statement. NOC said the agreement was signed in Istanbul by the two companies' executives. It provided no further details.
Arab News
3 days ago
- Business
- Arab News
Libya, Turkiye sign geological, geophysical MoU on four offshore areas, NOC says
TRIPOLI: Libya's National Oil Company (NOC) had signed a memorandum of understanding with Turkish state oil company TPAO to conduct a geological and geophysical study of four offshore areas, NOC said on Wednesday. 'Discussions were also held regarding conducting a two-dimensional seismic survey (10,000 km long), and processing the data resulting from these surveys within a period not exceeding 9 months,' Libya's state oil firm said in a statement. NOC said the agreement was signed in Istanbul by the two companies' executives., It provided no further details.
Reuters
3 days ago
- Business
- Reuters
Libya, Turkey sign geological, geophysical MoU on four offshore areas, NOC says
TRIPOLI, June 25 (Reuters) - Libya's National Oil Company (NOC) had signed a memorandum of understanding with Turkish state oil company TPAO to conduct a geological and geophysical study of four offshore areas, NOC said on Wednesday. "Discussions were also held regarding conducting a two-dimensional seismic survey (10,000 km long), and processing the data resulting from these surveys within a period not exceeding 9 months," Libya's state oil firm said in a statement. NOC said the agreement was signed in Istanbul by the two companies' executives., It provided no further details.
