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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.

Oil 130
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AI advisor helps geoscientists unlock the value of exploration data

IBM: Oil & Gas

During exploration and other upstream activities, optimizing resources depends on accurate models that illuminate the subsurface potential. The project’s initial focus is the prolific Santos basin in Brazil. Resource optimization is the key challenge facing oil and gas companies today.

Oil 40