Through a consortium, Eni and QatarEnergy have won the offshore exploration License O1 as part of Libya’s National Oil Corporation (NOC) 2025 competitive bid round, further consolidating their upstream footprint in the country.
The offshore block spans around 29,000 square kilometers (km2) and is located in the marine extension of the prolific Sirte Oil and Gas Basin. The area is considered highly prospective, with significant zones still lacking 3D seismic data and the potential for additional hydrocarbon…
