Overview
- Libya’s National Oil Corporation announced winners in its first licensing round since 2007, reopening onshore Sirte and offshore Mediterranean acreage to foreign investors.
- Chevron won the onshore Sirte S4 block, known as Area 106, marking the U.S. major’s return to Libya.
- Eni partnered with QatarEnergy to secure Offshore Area 01, while a Repsol-led consortium took Offshore Area 07.
- Nigeria’s Aiteo obtained the Murzuq M1 license in the southern basin, marking a notable entry for an African independent.
- Officials said only five of 20 blocks were awarded under a new investor-friendly contract model, citing persistent political and security risks and forming a committee to refine terms and negotiate remaining areas.