Global Finance News
12 Mar 2026, 18:00
TotalEnergies announced the restart of production at the Mabruk oil field in Libya after more than a decade of inactivity.
The onshore field, located about 130 kilometers south of Sirte in concession C17, had been shut down since 2015. Production resumed on February 28, 2026, following the construction of a new facility with a capacity of 25,000 barrels per day. TotalEnergies holds a 37.5% interest in the field.
The restart is part of the company’s long-term presence in Libya, where it has operated since 1956. TotalEnergies said the project supports its strategy to develop low-cost, lower-emission oil production while contributing to its target of about 3% annual production growth through 2030.
The onshore field, located about 130 kilometers south of Sirte in concession C17, had been shut down since 2015. Production resumed on February 28, 2026, following the construction of a new facility with a capacity of 25,000 barrels per day. TotalEnergies holds a 37.5% interest in the field.
The restart is part of the company’s long-term presence in Libya, where it has operated since 1956. TotalEnergies said the project supports its strategy to develop low-cost, lower-emission oil production while contributing to its target of about 3% annual production growth through 2030.