Libya’s oil revival powers on despite shaky investment thesis

Libya’s oil revival powers on despite shaky investment thesis

Libya’s National Oil Corporation announced winners for the country's first oil and gas licensing round in 17 years — a milestone for an OPEC member that has lurched from civil war to uneasy truce since 2011.

Libya reopens oil sector to foreign investors after 17-year hiatus

Libya has reopened its oil and gas sector to foreign investors for the first time in nearly two decades, awarding new exploration and production licences to a group of major international energy companies. The announcement was made in Tripoli during a ceremony hosted by the National Oil Corporation (NOC), attended by Prime Minister Abdul Hamid […] The post Libya reopens oil sector to foreign investors after 17-year hiatus appeared first on Pumps…

Five Global Energy Firms Secure Exploration Deals in Libya’s First Oil Bid Round in 17 Years – The North Africa Post

Libya’s National Oil Corporation (NOC) has announced the results of its first public oil and gas bid round in 17 years, awarding exploration and development contracts to five major international companies and consortia. The round offered 20 exploration blocks. Winning entities include a consortium of Italy’s Eni and QatarEnergy; a consortium of Spain’s Repsol and […]

Libya Awards New Exploration Blocks to Global Consortiums in First Licensing Round Since 2007 | The Middle East Observer

Libya has formally reopened its upstream hydrocarbons sector, awarding a series of oil and gas exploration blocks to international energy companies in its first competitive licensing round since 2007. The results were announced by the National Oil Corporation (NOC), marking a strategic effort to revive exploration activity, restore investor confidence and lay the groundwork for […]