Libya’s NOC launched its first major licensing round since the civil conflict — 22 blocks (11 offshore, 11 onshore). NOC also advancing 45 greenfield/brownfield projects targeting 2 million bopd. Libya holds Africa’s largest proven reserves (48bn+ barrels). NOC Chairman: ‘Virtually all international oil firms competing in the round.’
Project Details
Key Issues / Risks
Libya's political instability (two governments, militias) is the fundamental risk. IOC commitment conditional on stability.
Latest Development (Detail)
2025 licensing round results expected 2026. NOC advancing 45 projects. Structures A&E and Bouri Gas Utilisation among active developments.
What Happens Next
2025 round results and NOC FID announcements.
Commercial Opportunity
If stability holds — one of Africa's largest upstream investment programmes. 45 concurrent projects = significant oilfield services demand.
Commercial Opportunity Intelligence
Analyst Notes
Confidence rated Reported — verify any stated milestone before publishing.