Libya Plans Oil and Gas Bidding Round Before Year-End

Tuesday, December 3, 2024

Libya's National Oil Corporation (NOC) will announce a bidding round for oil and gas exploration concessions before year-end, NOC's chairman said on Tuesday.

It would be the first bidding round by the OPEC member country since the 2011 NATO-backed uprising that toppled leader Muammar Gaddafi.

NOC's production has reached 1.4 million barrels per day including condensates, Chairman Farhat Bengdara said at an industry event in Cairo.

That is its highest since 2013, the state oil firm later said in a statement.

Libya's oil output has been disrupted repeatedly in the chaotic decade since the country divided in 2014 between two administrations in its east and west.


(Reuters - Reporting by Mohamed Ezz in Cairo; additional reporting by Ahmed Elumami in Tripoli; editing by Louise Heavens and Jason Neely)

Categories: Industry News Activity Africa Oil and Gas

Related Stories

Saipem Gets DNV Certification for Offshore Asset Lifecycle Management

TechnipFMC Lands Coral North FLNG Contract from Eni

Deepsea Mira Semi-Sub Up for Shell’s Drilling Job off Namibia

Current News

Equinor Renews Subsea Inspection Deal with Subsea 7

Saipem Gets DNV Certification for Offshore Asset Lifecycle Management

Archer to Remain North Sea Drilling and Maintenance Duty for Aker BP

Tekmar Secures Over $9M Offshore Wind Cable Protection Deal

Subscribe for OE Digital E‑News