Libya has secured a landmark $20 billion, 25-year oil deal with TotalEnergies and ConocoPhillips to dramatically boost its production. This massive undertaking creates a significant opportunity for oilfield services and infrastructure companies essential to supporting the expansion.
Published on January 26
This $20 billion deal marks Libya's largest foreign energy investment since 2011, signalling renewed international confidence and creating unprecedented opportunities for energy companies.
The long-term nature of this agreement provides sustained demand visibility for oilfield services and infrastructure companies over the next quarter-century.
Success in this project could make Libya Africa's leading oil producer, positioning these companies at the heart of a transformative regional energy shift.
Libya's $20 billion, 25-year deal with TotalEnergies and ConocoPhillips represents the largest foreign energy investment in the nation since 2011. This massive undertaking to more than double production capacity creates sustained demand for specialised oilfield services, equipment manufacturers, and infrastructure firms that will support this historic expansion.
This is a long-term investment theme spanning 25 years, focusing on companies positioned to benefit from Libya's oil infrastructure modernisation. The deal aims to make Libya Africa's leading oil producer, requiring extensive external support from drilling specialists, engineering firms, and equipment providers across the entire energy value chain.
These companies were handpicked by our analysts based on their direct involvement in the deal or their strategic positioning to secure contracts in Libya's oil expansion. The selection includes the primary partners (TotalEnergies and ConocoPhillips) alongside leading oilfield service providers with the expertise and capabilities essential for this large-scale project.
This basket's total market capitalisation is 326,836.8255000001, and large-cap energy stocks anchor its valuation, giving it a concentrated, generally more stable profile. Top-weight concentration means performance will tend to reflect the larger constituents' moves rather than smaller names.
COP: $121.53B
SLB: $73.43B
HAL: $28.57B
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Schlumberger
SLB
Current Price
$53.63
As a leading oilfield services provider, Schlumberger is well-positioned to secure contracts for drilling, evaluation, and production activities in Li...
As a leading oilfield services provider, Schlumberger is well-positioned to secure contracts for drilling, evaluation, and production activities in Libya's expanding oilfields.
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11 of 13 assets in this group are rated Buy by professional analysts.
