A international consortium comprising Spain’s Repsol, Turkey’s TPAO, and Hungary’s MOL Group will execute extensive seismic acquisition programs off Benghazi during the second quarter of 2027.
Libya State-owned National Oil Corporation (NOC) announced the technical timeline on Wednesday following talks with the companies over offshore Block 22 (also designated O7), situated 140 kilometers out in deep Mediterranean waters.
Work plans cover 2,676 square kilometers of 3D seismic data and 1,500 linear kilometers of 2D seismic mapping. Repsol operates the block with a 40% stake alongside TPAO (40%) and MOL (20%).
The block spans 10,300 square kilometers with ocean depths reaching 2,000 meters. Beyond seismic mapping, the consortium’s minimum work commitment requires drilling at least one deepwater exploration well.
The agreement follows NOC’s revised Production Sharing Agreement framework. Libya is aggressively courting global operators like Chevron and Eni to raise crude output to two million barrels daily.
