TotalEnergies Expands Stake in Libya’s Waha Concessions

TotalEnergies. Bigstock

TotalEnergies claims the deal will enable the firm to help the NOC enhance the country’s electricity supply using oil and gas produced from the fields. The major and the NOC will co-develop a solar power generation system to enhance the environmental sustainability of the Waha projects whilst a separate 500 MWp solar system will be developed South of Misrata to enhance Libya’s renewables portfolio.

The development follows TotalEnergies producing 84,000 barrels of oil equivalent per day in Libya in 2020 from its operations in Al Jurf field, El Sharara and the Waha fields. The company has been present in Libya for 20 years.

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Onur Yilmaz

Onur Yilmaz

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