Libya’s National Oil Corporation and Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding (MoU) to jointly conduct geological and geophysical studies across four offshore blocks in the Mediterranean.
The deal signed in Istanbul signals a new chapter of collaboration between the two state-owned oil firms..
The NOC said the MoU includes plans for a 2D seismic survey covering 10,000 km, with data processing expected to be completed within nine months.
The statement did not specify which offshore blocks will be surveyed or the financial terms of the agreement.
Agreement aims to fast track offshore exploration
In a statement issued on Wednesday, NOC reported that the seismic study will help determine the hydrocarbon potential of Libya’s under explored offshore zones.
The survey is intended to boost exploration activity and attract future investment into the country’s upstream sector.
“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 nine months,” NOC stated.
NOC officials noted that the initiative aligns with Libya’s strategy to strengthen energy partnerships and resume delayed exploration activities.
Offshore Libya remains largely untapped due to years of political instability and under investment, despite its proximity to proven hydrocarbon basins.
According to NOC, both sides agreed to collaborate on technical studies, data interpretation, and potential future drilling campaigns, depending on survey outcomes.
Deal reflects deepening Libya Turkey energy ties
The deal is the latest in a series of energy cooperation agreements between Libya and Turkey since the signing of a controversial maritime boundary pact in 2019.
The agreement paved the way for joint resource exploration in the Eastern Mediterranean and has since attracted international scrutiny.
TPAO has expanded its exploration footprint across the region, with active seismic and drilling operations in both Turkish and Libyan waters.
The company’s collaboration with NOC signals Ankara’s intent to maintain a long term role in Libya’s energy sector.
Neither company disclosed a timeline for possible exploration drilling or commercial development, but officials indicated that the seismic data would guide next steps.
Libya, a member of the Organization of the Petroleum Exporting Countries (OPEC), holds Africa’s largest proven oil reserves.
While most of its production comes from onshore fields, offshore areas are seen as a key part of its future strategy to boost output and stabilize revenues.
