A Libyan company has been selected to complete an oil sector project that was previously being handled by international energy services provider Petrofac.

The project, located in Libya, had been left unfinished after Petrofac halted work amid financial challenges that affected its operations. The suspension created delays in the development schedule and prompted authorities to seek an alternative contractor to move the project forward.

By awarding the contract to a local company, Libya aims to revive progress on the oil development and strengthen domestic participation in the country’s energy sector. The move is expected to help accelerate the completion of the project and support efforts to increase production capacity.

The project forms part of Libya’s broader strategy to rehabilitate and expand its oil infrastructure, a key source of revenue for the North African nation. Industry observers say the decision reflects growing confidence in the capabilities of local firms to manage major energy projects.

Further details regarding the contract value, timeline for completion, and the identity of the new contractor have not yet been publicly disclosed.