Libya granted oil and gas exploration blocks to several foreign companies, including Chevron, Eni, QatarEnergy, and Repsol. It launched the first licensing round in nearly two decades as authorities try to revive the sector while managing political uncertainty.
The National Oil Corporation announced the bidding results from its first round since 2007 and assigned acreage in the onshore Sirte and Murzuq basins as well as the offshore Sirte basin in the Mediterranean.
Eni and QatarEnergy secured Offshore Area 01, expanding their partnership across the Mediterranean. Another group made up of Repsol, MOL, and Turkey’s TPOC obtained Offshore Area 07.
Chevron obtained the Sirte S4 exploration license, returning to one of Libya’s main onshore producing regions. In the Murzuq basin, Nigeria’s Aiteo received the M1 license, marking an uncommon entry by an African independent operator.
source: www.reuters.com
African Energy Council