Signed 28 January 2023 in Tripoli, in the presence of Italy’s PM Meloni and Libya’s GNU PM Dbeibah: Eni and Libya’s National Oil Corporation agreed a 25-year, US$8bn development of two offshore gas fields (Structures A and E, c.6tcf) targeting 750–850 mmcf/d plateau, first gas (originally 2026; now guided to 2027) plus an onshore CCS facility, the largest investment in Libya’s upstream in over two decades.
The deal drew a legality challenge from Libya’s oil minister (who claimed a revenue-share change from 30% to 37%) and remains the test case for doing energy business in a divided state.
Value: US$8bn (verified against public announcements).
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
