{"id":14752,"date":"2025-03-11T09:48:15","date_gmt":"2025-03-11T09:48:15","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14752"},"modified":"2025-03-11T09:48:18","modified_gmt":"2025-03-11T09:48:18","slug":"libya-opens-first-international-exploration-and-development-bid-round-in-18-years","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/libya-opens-first-international-exploration-and-development-bid-round-in-18-years\/","title":{"rendered":"Libya Opens First International Exploration and Development Bid Round in 18 years"},"content":{"rendered":"\n

Ministry of Oil & Gas – National Oil Corporation
Libya Licensing Bid Round
Joint Statement<\/h1>\n\n\n\n

The Ministry of Oil and Gas – National oil Corporation has announced the launch of Libya’s First International Exploration and Development Bid Round in 18 years, following the last EPSA Bid Round in 2007. This milestone presents a significant investment opportunity aimed at enhancing Libya’s oil and gas reserves and production potential.

Libya holds an estimated 91 billion barrels of oil equivalent (Bboe) in undiscovered hydrocarbon resources. This bid round offers 22 blocks for exploration and development (11 Offshore and 11 Onshore) including areas with undeveloped discoveries estimated to contain a minimum of 2.0 Bboe in hydrocarbon resources. <\/p>\n\n\n\n

This bid round is particularly significant as the Ministry of Oil & Gas and the National Oil Corporation introduce a new Production Sharing Agreement (PSA) model, featuring attractive fiscal terms designed to encourage investment in Libya’s oil industry. <\/p>\n\n\n\n

Interested companies will have instant access to principal and optional datasets, which will be available for review and purchase through a Virtual Data Room (VDR).

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ministry of Oil & Gas – National Oil CorporationLibya Licensing Bid RoundJoint Statement The Ministry of Oil and Gas – National oil Corporation has announced the launch of Libya’s First … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14753,"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":[8068,1406,1689],"class_list":["post-14752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-bid-round","tag-libya","tag-national-oil-corporation","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/03\/Libya-Bid-Round.svg_.png?fit=538%2C556&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3PW","jetpack-related-posts":[{"id":15628,"url":"https:\/\/www.oilnewskenya.com\/index.php\/libya-chevron-awarded-contract-area-106-in-the-sirte-basin\/","url_meta":{"origin":14752,"position":0},"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 "Countries"","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":3892,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-issues-bid-documents-to-16-companies-under-the-first-licensing-round\/","url_meta":{"origin":14752,"position":1},"title":"Uganda issues bid documents to 16 companies under the First licensing round","author":"","date":"October 8, 2015","format":false,"excerpt":"The Government of Uganda (GOU) through the Ministry of Energy and Mineral Development has issued the bidding document to the 16 Qualified Applicants which were successful following the evaluation of applications from 19 companies that had applied in the Request for Qualification stage. The bidding document comprise of Request for\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/08\/oil-discoveries-Uganda.png?fit=436%2C614&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9093,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oil-and-gas-exploration-in-namibia-liberia-and-ghana-looking-to-the-future\/","url_meta":{"origin":14752,"position":2},"title":"Oil and Gas Exploration in Namibia, Liberia and Ghana: Looking to the Future","author":"","date":"September 10, 2020","format":false,"excerpt":"Namibia, Liberia and Ghana are set to share their latest and most exciting oil and gas developments in a series of dedicated roundtable discussions aimed at showcasing hydrocarbon potential and investment opportunities at the largest gathering of Africa\u2019s upstream community this year. 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