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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

MARCH 6, 2025

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. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

Oil

Oil Exploration and Production Field Offshore

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

Oil & Gas 360º

MARCH 10, 2025

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

E&P Oil Exploration and Production Basin

Energy Aggregated

Libya launches first oil exploration bid round in 17 years

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

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