{"id":14661,"date":"2025-01-31T09:28:04","date_gmt":"2025-01-31T09:28:04","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14661"},"modified":"2025-01-31T09:28:09","modified_gmt":"2025-01-31T09:28:09","slug":"libya-omv-discusses-exploration-efforts-in-sirte-basin-eyes-strategic-growth","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/libya-omv-discusses-exploration-efforts-in-sirte-basin-eyes-strategic-growth\/","title":{"rendered":"LIBYA: OMV Discusses Exploration Efforts in Sirte Basin, Eyes Strategic Growth"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Berislav Ga\u0161o, Member of the Executive Board and Executive Vice President of Energy at OMV, was speaking during an exclusive interview with Energy Capital &amp; Power   where he discussed the company\u2019s exploration efforts in the Sirte Basin and shares an optimistic perspective on Libya\u2019s oil and gas sector.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>OMV has resumed exploration activities in Libya&#8217;s Sirte Basin after a 13-year hiatus, signaling renewed confidence in the country&#8217;s oil and gas sector. What key factors led to the decision to resume exploration activities, and what role do you see Libya playing in OMV&#8217;s overall upstream strategy moving forward?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Indeed, OMV was among the first international companies to resume exploration activities in the region. Libya plays an important role in OMV\u2019s Energy portfolio with successful exploration efforts being crucial for adding value and bringing in new volumes. A testament to these strong bonds with the country is the spudding of the Essar well in the C103 license within the Sirte Basin, which was the first OMV-operated exploration well drilled in Libya since the 1990s. OMV&#8217;s ongoing exploration efforts will be pivotal in generating growth and solidifying our energy business in Libya.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The ESSAR Prospect is a key focus of OMV&#8217;s exploration efforts in Libya. What are the main objectives of this campaign, and how do you assess the potential for additional discoveries in the Sirte Basin?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Today, our exploration activities in Libya are mainly focused on the Sirte Basin, where we are an operator, and the Murzuq Basin, where we are a partner. We are currently drilling the Essar well, which will be followed by the Alhilal well within the same license. This infrastructure-led approach leverages the proximity of these wells to existing producing fields, enabling efficient tie-ins to nearby production facilities for rapid additional output. Beside our drilling activities in C103, OMV is also working diligently on maturing leads in our other exploration licenses within the Sirte Basin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>OMV is collaborating with Zueitina Oil Company (ZOC) on the drilling of the B1-106\/4 well. Can you discuss the importance of this partnership and how OMV plans to integrate local expertise and resources in the execution of its exploration projects in Libya?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Synergies between ZOC and OMV are a crucial backbone of our drilling activities. OMV\u2019s exploration is carried out by ZOC, as our integrated service provider. By working with a local operator, we can efficiently share drilling rigs between OMV-operated exploration and ZOC-operated development projects in our licenses, resulting in more effective use of the rig utilization. Through this collaboration, OMV benefits from local expertise and fosters a culture of open communication and knowledge transfer. Furthermore, we transmit drilling data to our headquarters in Vienna via real-time data streaming services, where it is processed to ensure safe and efficient operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What are your expectations for the broader outlook of Libya\u2019s oil and gas sector over the next few years?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The outlook for the Libyan oil and gas sector in the coming years is promising, driven by the National Oil Corporation\u2019s strategy to increase production. An upcoming bidding round is expected to attract interest and open up new opportunities for exploration and production. Libya\u2019s vast untapped reserves and strategic location make it a major player in the global energy market, but sustained progress will depend on ensuring security, regulatory reforms and investment in infrastructure. Tackling these challenges could spur growth in the sector and increase its contributions to the national economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berislav Ga\u0161o, Member of the Executive Board and Executive Vice President of Energy at OMV, was speaking during an exclusive interview with Energy Capital &amp; Power where he discussed the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/libya-omv-discusses-exploration-efforts-in-sirte-basin-eyes-strategic-growth\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[11758,11757,11756,1406,1909,10297,8504],"class_list":["post-14661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-b1-106-4-well","tag-c103-license","tag-essar-well","tag-libya","tag-omv","tag-sirte-basin","tag-zueitina-oil-company","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Libya-Sirte-Basin.png?fit=1600%2C1280&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Ot","jetpack-related-posts":[{"id":15330,"url":"https:\/\/www.oilnewskenya.com\/index.php\/libya-omv-austria-makea-a-new-oil-discovery-in-the-sirte-basin\/","url_meta":{"origin":14661,"position":0},"title":"LIBYA: OMV Austria Makea a New Oil Discovery in the Sirte Basin.","author":"","date":"November 5, 2025","format":false,"excerpt":"The National Oil Corporation (NOC) has announced a new oil discovery by OMV Austria Ltd. \u2013 Libya Branch in the Sirte Basin, specifically at well B1 in Block 106\/4. Production tests show that this exploratory well, reaching a depth of 10,476 feet, is producing over 4,200 barrels of oil per\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/LIBYA-Block-106-4.webp?fit=780%2C470&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/LIBYA-Block-106-4.webp?fit=780%2C470&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/LIBYA-Block-106-4.webp?fit=780%2C470&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/LIBYA-Block-106-4.webp?fit=780%2C470&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15628,"url":"https:\/\/www.oilnewskenya.com\/index.php\/libya-chevron-awarded-contract-area-106-in-the-sirte-basin\/","url_meta":{"origin":14661,"position":1},"title":"LIBYA: Chevron Awarded Contract Area 106 in the Sirte Basin","author":"","date":"February 12, 2026","format":false,"excerpt":"Chevron Corporation (NYSE: CVX) by its subsidiary Chevron Business Development EMEA Ltd., has entered Libya after it was designated as a winning bidder in the 2025 Libyan Bid Round. This follows the signing of a Memorandum of Understanding (MoU) with the country\u2019s National Oil Corporation (NOC). Chevron was designated as\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Libya-Sirte-Basin.png?fit=1200%2C960&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Libya-Sirte-Basin.png?fit=1200%2C960&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Libya-Sirte-Basin.png?fit=1200%2C960&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Libya-Sirte-Basin.png?fit=1200%2C960&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Libya-Sirte-Basin.png?fit=1200%2C960&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11989,"url":"https:\/\/www.oilnewskenya.com\/index.php\/libya-bp-evaluating-resumption-of-activities\/","url_meta":{"origin":14661,"position":2},"title":"LIBYA: BP Evaluating Resumption of Activities","author":"","date":"March 8, 2022","format":false,"excerpt":"The Chairman of the Board of Directors of the National Oil Corporation, Eng. Mustafa Sanalla and the Chairman and CEO of the British Oil Company, Mr. Bernard Looney held a meeting to discuss the resumption of BP's activity in Libya in its onshore exploration plots in the Ghadames Basin and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Libya-NOC-BP-Meeting.jpg?fit=900%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Libya-NOC-BP-Meeting.jpg?fit=900%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Libya-NOC-BP-Meeting.jpg?fit=900%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Libya-NOC-BP-Meeting.jpg?fit=900%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12260,"url":"https:\/\/www.oilnewskenya.com\/index.php\/libya-ready-to-bridge-europes-oil-gas-needs\/","url_meta":{"origin":14661,"position":3},"title":"Libya Ready to Bridge Europe&#8217;s Oil &#038; Gas Needs","author":"","date":"May 17, 2022","format":false,"excerpt":"In the presence of the President of the Italian House of Representatives, the Prime Minister of Italy and many European international institutions personalities, the President of the Italian Republic opened the forum \"towards the South\": The European Strategy, which continued throughout 2 days, May 12-13, 2022. On Friday, May 13,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Libya-NOC-EU.jpeg?fit=1039%2C648&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Libya-NOC-EU.jpeg?fit=1039%2C648&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Libya-NOC-EU.jpeg?fit=1039%2C648&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Libya-NOC-EU.jpeg?fit=1039%2C648&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15630,"url":"https:\/\/www.oilnewskenya.com\/index.php\/libya-eni-awarded-the-offshore-exploration-license-o1\/","url_meta":{"origin":14661,"position":4},"title":"LIBYA: Eni Awarded the Offshore Exploration License O1","author":"","date":"February 12, 2026","format":false,"excerpt":"Eni has been awarded the offshore exploration License O1 following the Libyan NOC\u2019s competitive 2025 open licensing round. The concession has been granted to a consortium led by Eni in partnership with QatarEnergy, marking a significant step forward in strengthening Eni\u2019s upstream position in the country. Covering approximately 29.000 sqkm,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/02\/11022026_QatarEnergy_Wins_Libya_Offshore_Exploration_License-819x1024-1.webp?fit=819%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/02\/11022026_QatarEnergy_Wins_Libya_Offshore_Exploration_License-819x1024-1.webp?fit=819%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/02\/11022026_QatarEnergy_Wins_Libya_Offshore_Exploration_License-819x1024-1.webp?fit=819%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/02\/11022026_QatarEnergy_Wins_Libya_Offshore_Exploration_License-819x1024-1.webp?fit=819%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8728,"url":"https:\/\/www.oilnewskenya.com\/index.php\/algeria-sonatrach-omv-sign-mou-to-enhance-cooperation\/","url_meta":{"origin":14661,"position":5},"title":"ALGERIA: SONATRACH, OMV Sign MoU to Enhance Cooperation","author":"","date":"July 31, 2020","format":false,"excerpt":"Algeria's national oil company SONATRACH and\u00a0 Austrian oil and gas company (OMV) signed a Memorandum of Understanding (MoU) to initiate discussions to identify opportunities for both parties to jointly invest in oil and gas operations. 'exploration, development and production of hydrocarbons projects in Algeria. The memorandum of understanding shows the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/sonatrach.jpg?fit=1200%2C795&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14661"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14661\/revisions"}],"predecessor-version":[{"id":14663,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14661\/revisions\/14663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14662"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}