Libya’s First Oil Bid Round in 18 Years Offers Production Sharing Contracts

Libya to offer 22 areas for oil exploration with attractive terms for investors, officials say

Libya is set to offer 22 areas for oil exploration in its first bidding round for such investment in more than 17 years, with new and attractive terms for investors, the country's top oil officials told a Libya Bid Round Roadshow in London on Monday.

Libya’s First Oil Bid Round in 18 Years Offers Production Sharing Contracts

Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libya is offering a total of 22 blocks for exploration and development, 11 offshore and 11 onshore blocks, including areas with undeveloped discoveries, in the first International Exploration and Development Bid Round in 18 years. The previous such bid …

Libya's oil revenue in the first quarter of 2025 was recorded at USD5.2 billion or equivalent to IDR86.8 trillion. Meanwhile, the Central Bank devalued the Libyan dinar by 13.3%.

Foreign Investors Invited as Libya Seeks Oil Output Boost

Libya has opened its doors to foreign investors with the launch of its first oil exploration and development bidding round in over 17 years. The country is offering 22 blocks for exploration, equally split between onshore and offshore locations, as it seeks to revitalise its energy sector and increase crude output. The bidding round, which commenced on March 3, will operate under a Production Sharing Agreement (PSA) model, a move intended to att…

NOC Chairman launches Third Phase of Public Tender Tour in London‎

‎The Acting Chairman of Libya’s National Oil Corporation (NOC), Masoud Suleiman Mousa, launched the Third Phase of the Public Tender Round in London yesterday to grant investment licenses to international companies in the Libyan oil sector.‎ In cooperation with the Libyan British Business Council (LBBC), the event was launched before a large gathering of managers […] The post NOC Chairman launches Third Phase of Public Tender Tour in London‎ app…

Libya launches first bid for new oil blocks since 2007 - Economic Scenarios

Libya will offer shared production deals to the winners of the first oil and gas exploration tender in 18 years, top Libyan oil officials said in London on Monday. Libya is offering a total of 22 blocks for exploration and development, 11 offshore and 11 onshore, including areas with undeveloped discoveries, in the first international exploration and development tender in 18 years. Blocks on offer The previous contest took place in 2007, four ye…