Weatherford International, the American oil services powerhouse, has officially resumed operations in Libya after more than ten years away from the troubled North African nation. The company has established new headquarters in Tripoli’s Hay Al-Andalus district and is preparing to deploy services directly from field locations.
The dramatic return was confirmed Tuesday during high-level talks between Richard Ward, Weatherford’s Deputy CEO, and Masoud Suleiman, Chairman of Libya’s National Oil Corporation (NOC). According to statements released by the NOC, Weatherford is “fully prepared” to begin immediate operations at the Jalu 59 site.
Industry analysts view the move as a significant vote of confidence in Libya’s oil sector, which has struggled with political instability and security challenges since the 2011 overthrow of Muammar Gaddafi. Weatherford’s reentry signals growing international interest in Libya’s vast oil reserves—the largest in Africa—as global energy companies reassess their positions amid fluctuating markets.
The company’s return could accelerate production recovery in Libya’s aging oil fields, which have suffered from underinvestment and technical challenges during years of conflict. Suleiman reportedly welcomed Weatherford’s commitment as part of broader efforts to rehabilitate Libya’s critical energy infrastructure.
Source: libyaobserver.ly
