NOC Celebrates Schlumberger’s Return to Pre-2011 Independent Status.

The National Oil Corporation (NOC) has announced a major strategic milestone: SLB (formerly Schlumberger) is restructuring its Libya operations into an independent entity, LIG, separating it from broader North Africa management. Returning to its pre-2011 operating structure, this move signals a powerful recovery in Libya's oil and gas sector, promising increased production, greater operational flexibility, and renewed appeal to international investment.

Key Highlights

• Restored Independence: SLB’s Libya operations will now operate independently as LIG, reporting directly to the Middle East and North Africa (MENA) regional management rather than being grouped with the rest of North Africa.

• Strategic Leadership Alignment: The restructuring is the direct result of high-level discussions between NOC Board Chairman Engineer Masoud Suleman and SLB's executive leadership, including CEO Olivier Le Peuch.

• Operational Agility: This separation is designed to give SLB greater flexibility to tailor its operations to the Libyan market, directly supporting the NOC's goals of boosting output, enhancing competitiveness, and ensuring sustainability.

• A Signal to Global Markets: This operational shift, moving past the era of "force majeure" declarations, sends a definitive message to the international community that Libya's energy sector is mature, stable, and ready for long-term, productive cooperation.

  
  

Metric / Category	Data / Figure	Context
Pre-Crisis Benchmark	Pre-2011	The era when SLB last operated its Libyan business under an independent operating structure before this recent restoration.
Partnership Duration	Nearly 70 years	The length of the collaborative, strategic relationship between the NOC and SLB in Libya's energy sector.

SLB’s return to independent operations in Libya is a massive vote of confidence in the country’s recovering energy sector. By decentralising from regional North Africa management, SLB and the NOC are laying an agile, modernised foundation to drive production growth, overcome past operational challenges, and solidify Libya’s standing as a highly reliable global energy supplier.

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