The bidding will cover key basins, including Sirte, Murzuq, and Ghadames, as well as marine areas, marking Libya’s first such round in 17 years. According to Abdulsadek, exploration is vital to ...
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Libya needs $3-4 billion to boost oil production, bidding round expected soon, oil minister says"The bidding will be in all the sedimentary basins in Libya, Sirte Basin, Murzuq Basin, Ghadames Basin. Marine areas, pretty much everywhere," Abdulsadek said. Libya's last bidding round for oil ...
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In October 2024, Libya witnessed the resumption of oil exploration by Eni and BP, with drilling operations in the Ghadames Basin, as confirmed by NOC. Onshore drilling resumed after being halted ...
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