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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the countrys efforts to revitalize its energy industry. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.

Oil 130
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Canacol Aims to Grow Reserve Base in 2025

Rigzone: News

Canacol said it plans to drill 11 exploration wells and three development wells in the Lower Magdalena Valley Basin this year.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. In Namibia, NAMCOR is working with IOCs toward first oil production from the Orange Basin by 2029.

E&P 130