The agreement opens the door to expanded multi-client geophysical activities as Libya courts fresh upstream investment
Norwegian energy data company TGS has signed a letter of intent with a subsidiary of Libya’s National Oil Corporation to expand multi-client data activities in the country — a deal that underscores Tripoli’s renewed push to attract international investment into its upstream sector.
The agreement, signed with North Africa Geophysical Company, establishes a framework for further multi-client collaboration, though it remains subject to final contractual arrangements and regulatory sign-off. TGS described the deal as reflecting a shared commitment to advancing high-quality subsurface data and supporting Libya’s upstream development with fit-for-purpose technology solutions.
“This Letter of Intent represents an important milestone in our engagement with Libya,” said David Hajovsky, Executive Vice President of Multi-Client at TGS. He added that TGS is focused on delivering trusted data quality and expertise that supports long-term value creation for Libya’s energy sector.
The signing ceremony was attended by Masoud Suleman, NOC Chairman, and Maged Elarbed, head of NAGECO — a signal of the seriousness both sides are attaching to the arrangement. The deal comes in the wake of Libya opening its first oil and gas bid round since 2007 in March 2025, covering 11 offshore blocks spanning 128,714 square kilometres across the Sabratha, Sirte, and Cyrenaica basins.
Source: offshore-energy.biz