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The latest update is out from TotalEnergies SE ( (FR:TTE) ).
TotalEnergies has restarted production at the onshore Mabruk oil field in Libya, where it holds a 37.5% stake, after output was halted in 2015. The field, located in concession C17 about 130 km south of Sirte, is now supported by a new production unit with capacity of 25,000 barrels per day, brought online on February 28, 2026, less than two years after construction began.
The company highlighted the restart as a sign of its long-term commitment to Libya, where it has operated since 1956 and produced an average of 113,000 barrels of oil equivalent per day in 2025 from several fields including Al Jurf, El Sharara, Mabruk and the Waha concessions. Management emphasized that Mabruk’s low-cost, low-emissions output aligns with TotalEnergies’ strategy and supports its target of achieving 3% annual production growth through 2030, reinforcing its position in North Africa’s upstream oil sector.
More about TotalEnergies SE
TotalEnergies SE is a global integrated energy company active in oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables and electricity. With more than 100,000 employees and operations in about 120 countries, the group focuses on providing reliable, affordable and more sustainable energy, placing sustainability at the core of its strategy and projects.
Find detailed analytics on TTE stock on TipRanks’ Stock Analysis page.