{"id":15887,"date":"2026-08-14T12:49:52","date_gmt":"2026-08-14T12:49:52","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15887"},"modified":"2026-08-14T12:49:52","modified_gmt":"2026-08-14T12:49:52","slug":"tunisia-libya-joint-oil-announces-new-bid-round-schedule-for-zarat-development-and-joint-oil-block-exploration-acreage","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-libya-joint-oil-announces-new-bid-round-schedule-for-zarat-development-and-joint-oil-block-exploration-acreage\/","title":{"rendered":"TUNISIA\/LIBYA: Joint Oil announces new Bid Round schedule for Zarat Development and Joint Oil Block Exploration Acreage"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Joint Exploration, Exploitation, and Petroleum Services Company (Joint Oil), in partnership with global upstream advisor Moyes &amp; Co., has officially announced details for its upcoming licensing round.<sup><\/sup> The bid round targets significant offshore exploration and unitized development assets within the prolific Gabes-Tripoli Basin of the central Mediterranean, marking a major milestone for cross-border energy cooperation between Tunisia and Libya.<sup><\/sup><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Dual Investment Packages<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The licensing round presents international investors with two distinct commercial offerings:<sup><\/sup><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Exploration:<\/strong> Further exploration of the <strong>Joint Oil Block<\/strong> under an Exploration and Production Sharing Agreement (EPSA). The block covers <strong>3,000 sq km<\/strong> in water depths of <strong>80\u2013120 meters<\/strong> and contains 6,500 km of 2D and 1,900 km of 3D seismic data. Legacy wells include <em>Zohra-1<\/em>, <em>El Amal South 1<\/em>, <em>Besmah-1<\/em>, <em>El Amal North 1<\/em>, and <em>Zarat North 1<\/em>.<\/li>\n\n\n\n<li><strong>Development:<\/strong> Unitized development of the border-straddling <strong>Zarat Discovery<\/strong>. This package will be structured under a Development and Production Sharing Agreement (DPSA), Unitisation Agreement (UA), Unit Operating Agreement (UOA), and Operating Services Contract (OSC).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Key Schedule &amp; Milestone Dates<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Qualified offshore operators can request access to the Virtual Data Room (VDR) managed by Moyes &amp; Co.<sup><\/sup><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bidding Opens:<\/strong> September 7, 2026<\/li>\n\n\n\n<li><strong>Bidding Closes:<\/strong> December 31, 2026<\/li>\n\n\n\n<li><strong>Bid Submissions Due:<\/strong> January 8, 2027<\/li>\n\n\n\n<li><strong>Winner Notification:<\/strong> February 26, 2027<\/li>\n\n\n\n<li><strong>Formal Awards:<\/strong> April 30, 2027<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Joint Oil will showcase the opportunities at the <strong>MMEA Scout Group<\/strong> meeting in London on September 9, 2026, and at the <strong>World Energy Summit<\/strong> on September 29\u201330, 2026.<sup><\/sup><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Strategic Advantage<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Situated in the Sabratha-Gabes Basin, the acreage benefits from proximity to established producing fields\u2014such as <em>Bouri<\/em>, <em>Al Jurf<\/em>, and <em>Bahr Essalam<\/em> in Libya, alongside <em>Ashtart<\/em>, <em>Didon<\/em>, and <em>Miskar<\/em> in Tunisia.<sup><\/sup> This provides future operators with access to existing regional infrastructure, export pathways, and operational synergies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joint Exploration, Exploitation, and Petroleum Services Company (Joint Oil), in partnership with global upstream advisor Moyes &amp; Co., has officially announced details for its upcoming licensing round. The bid round &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/tunisia-libya-joint-oil-announces-new-bid-round-schedule-for-zarat-development-and-joint-oil-block-exploration-acreage\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":15888,"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":true,"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":[12582,12584,12583,12576,12581,12585,12578,12577,12586,12580,12579,12575],"class_list":["post-15887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-al-jurf","tag-ashtart","tag-bahr-essalam","tag-besmah-1","tag-bouri","tag-didon","tag-el-amal-north-1","tag-el-amal-south-1","tag-miskar","tag-moyes-co","tag-zarat-north-1","tag-zohra-1","entry"],"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-48f","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/08\/joint-oil.png?fit=966%2C565&ssl=1","_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15887","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15887"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15887\/revisions"}],"predecessor-version":[{"id":15889,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15887\/revisions\/15889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/15888"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}