Libya will place upstream investment at the centre of its energy strategy with the launch of a dedicated Upstream Hub at the Libya Energy & Economic Summit (LEES) 2027, taking place in Tripoli from January 23–25.

The platform will bring together the Ministry of Oil and Gas, the National Oil Corporation (NOC), international oil companies, service providers and investors to advance exploration, production and technology deployment across the country’s hydrocarbon sector.

The event comes as Libya shifts from its first upstream licensing round in 17 years into an execution-focused growth phase. Following the award of five exploration blocks and the signing of production sharing agreements in June 2026, authorities are preparing a second licensing round expected in late 2026 or early 2027 under the revised EPSA-V framework.

The agenda will examine licensing reforms, exploration opportunities across the Sirte, Murzuq, Ghadames and Pelagian basins, and frontier deepwater prospects as Libya works to increase crude production from around 1.4 million barrels per day to 1.6 million bpd, with a long-term goal of 2 million bpd.

Technology and operational efficiency will be key themes, with sessions on AI-powered drilling, digital oilfields, smart production systems and cloud-based analytics.

Discussions will also focus on brownfield redevelopment, enhanced oil recovery and unconventional resources to support plans to drill up to 100 exploration and appraisal wells annually.

Additional sessions will address local content development, workforce training, offshore gas expansion and decarbonisation initiatives. -OGN/TradeArabia News Service