Libya’s National Oil Corporation (NOC) has begun discussions with U.S. energy company Chevron in London, exploring potential joint work in oil exploration and production. The talks mark a possible comeback for Chevron in Libya after years away from the market.

An NOC delegation made up of senior board members and technical experts met with Chevron representatives to examine areas of mutual interest. Discussions covered the development of untapped oil fields, unconventional resources such as shale, and discoveries in geologically complex areas that require advanced expertise and technology.

NOC presented its long-term vision to boost Libya’s output while ensuring production stability, stressing the need for partnerships with international firms that can provide both technical knowledge and financial resources. Officials also showcased unexplored blocks and discoveries not included in earlier licensing rounds.

Libya’s reserves were highlighted as a major attraction, with around four billion barrels of undeveloped oil, 18 billion barrels of shale oil, and an estimated 123 trillion cubic feet of natural gas available for investment.

Chevron, which last engaged in Libya during a previous oil tender more than a decade ago, confirmed its interest in re-entering the country. The company said NOC’s proposals would be reviewed by its top management.

The move aligns with NOC’s wider push to strengthen ties with global players, expand oil and gas infrastructure, increase government revenues, and secure sustainable production for the future.