COP · News · 20260824N
Libya Investment and Production Plans
CONOCOPHILLIPS · 2026-08-24 · Importance 31 · Surprise 42 · In source text
ConocoPhillips executives met Libya’s oil minister at the ONS 2026 Conference in Norway to discuss investment and production plans. The discussions covered the Waha concessions, whose extensions run through 2050. The parties focused on increasing production, deploying modern technologies, developing Libyan expertise, and accelerating project implementation.
Key facts
- Libyan Waha concessions were extended until 2050 and ConocoPhillips executives met Libya's Oil and Gas Minister at the ONS 2026 Conference in Norway to discuss investment and production plans for the Waha concessions. source
- Discussions with Libya's oil minister focused on increasing production, employing modern technologies, developing national expertise, and expediting project implementation for the Waha concessions. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Libyan Waha concessions were extended until 2050 and ConocoPhillips executives met Libya's Oil and Gas Minister at the ONS 2026 Conference… |