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Repsol discusses its long-standing role in Libya’s upstream sector, highlighting production optimization, sustainability initiatives, collaboration with the National Oil Corporation, and the use of digital technologies to enhance exploration and asset performance.
With decades of presence in Libya’s upstream sector, Repsol continues to play a pivotal role in exploration, field development, and production optimization across the country. In this discussion, the leadership of Repsol’s Upstream business reflects on the company’s contribution to sustaining output from both operated and non-operated assets, while unlocking additional value from mature fields.
The conversation examines how operational resilience and sustainability are embedded into Repsol’s strategy, from flaring reduction and energy efficiency measures to strict alignment with international HSE standards. It also explores the company’s investment outlook in Libya, its collaboration framework with the National Oil Corporation and local partners, and the deployment of advanced digital solutions to enhance exploration performance, production reliability, and integrated asset management.
Q1: What role does Repsol play in Libya’s upstream production and development?
A1: Repsol is a long-standing international partner in Libya’s upstream sector, contributing to exploration, field development, and production optimization across its operated and non-operated assets. The company plays a stabilizing role by supporting sustained production and unlocking value from existing resources.
Q2: How does Repsol approach sustainability and operational efficiency in Libya?
A2: Repsol integrates sustainability into operations by prioritizing safety, environmental protection, and efficiency. Its approach includes reducing flaring, improving energy efficiency, strengthening HSE performance, and aligning operations with international standards while supporting local communities.
Q3: What future investment priorities does Repsol see in the Libyan market?
A3: Repsol sees continued potential in Libya through targeted investments in exploration, production enhancement, and infrastructure optimization. Future priorities focus on maximizing recovery from existing fields, selective new developments, and projects that enhance long-term operational resilience.
Q4: How does Repsol collaborate with Libya’s National Oil Corporation and local partners to advance upstream projects and knowledge transfer?
A4: Collaboration with Libya’s National Oil Corporation and joint-venture partners is central to Repsol’s model. This partnership enables coordinated project execution, knowledge transfer, and local capacity building through shared technical expertise and workforce development.
Q5: What technological or digital solutions is Repsol leveraging to optimize exploration, production, and asset management in Libya?
A5: Repsol leverages advanced data analytics, digital monitoring, and integrated asset-management tools to optimize exploration and production. These technologies enhance decision-making, operational reliability, and efficiency while supporting safer and more sustainable operations.
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