Historic Launch: In March 2025, Libya’s National Oil Corporation (NOC) announced its first oil and gas exploration bidding round in over 17 years, signaling a major revival of the country’s energy sector. Global Invitation: Libya is inviting international partners and investors to explore 22 blocks (11 onshore, 11 offshore) across its most promising hydrocarbon basins. Modernized Framework: The initiative features a new Production Sharing Agreement (PSA) model, replacing the