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

A significant development in the global energy landscape: Libya's new onshore oil discovery is poised to reshape the North African energy sector. This is more than just a new find; it's a strategic game-changer for Libya and its international partners. This isn't just another discovery; it's a commercially strategic find that leverages existing infrastructure and shifts the investment calculus for North Africa. 1 . The Asset: Bolstering 48.4 Billion Barrels. The discovery re