Libya’s NOC Signs Unified Operating Agreement for Irwan Field with TotalEnergies, Repsol, Equinor and OMV
Libya’s National Oil Corporation (NOC) has signed a Unified Operating Agreement (UOA) for the Irwan (I/R) field concession areas NC115 and NC186 in the Murzuq Basin, bringing together several major international energy companies under a single operating framework.
The agreement includes NOC subsidiary Akakus Oil Operations alongside TotalEnergies, Repsol, Equinor, and OMV. The companies signed the deal to coordinate operations and management of the concession areas more effectively.
NOC announced that the agreement establishes a unified structure for operating the Irwan field and related assets. The move aims to improve coordination between partners and support more efficient development of resources within the concession area.
The Murzuq Basin remains one of Libya’s most important hydrocarbon regions. Several international oil companies maintain a presence in the basin despite years of political and security challenges that have affected investment across the country.
Murzuq Basin Remains Key to Libya’s Energy Strategy
The agreement highlights continued interest from international energy firms in Libya’s upstream sector. Industry observers view cooperation between operators as an important factor in maintaining production levels and advancing future development plans.
Libya holds Africa’s largest proven oil reserves and continues to attract foreign investment due to its significant resource base and relatively low production costs. The participation of companies such as TotalEnergies, Repsol, Equinor, and OMV reflects the strategic importance of Libyan assets within global energy portfolios.
While NOC did not announce specific production targets linked to the agreement, the new operating structure could help streamline decision-making and reduce operational complexity among partners.
The deal also comes as Libya seeks to increase oil production and strengthen cooperation with international investors. NOC has repeatedly emphasized the need for new investment, infrastructure upgrades, and exploration activity to support long-term growth in the sector.
For Libya, the agreement represents another step toward improving the management of key oil assets and reinforcing confidence among international energy companies operating in the country. As global energy markets continue to focus on supply security, the Murzuq Basin remains an important component of Libya’s future production ambitions.
