Five companies awarded exploration licenses in Libya

Feb 12, 2026

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ADNOC and TOTAL announced in November the delivery of the first unconventional gas from the UAE, delivered from the Ruwais Diyab Unconventional Gas Concession. To build a resilient future, Total has said it will focus investments on low breakeven projects, such as its collaboration with ADNOC.

The NOC, led by Chairman Engineer Masoud Suleman, completed the final stage of its public bidding round for exploration. Five international companies were awarded investment opportunities in the exploration blocks, including the consortium of Repsol +Turkish Petroleum, the MOL Hungary, the Eni + QE and another consortium comprising Repsol and a Turkish partner. Additionally, Chevron and Aiteo were among the winners in this round.

Exploration in Libya had been halted for more than 17 years. The NOC revitalized this sector at the beginning of 2025 through a bidding round that visited several major countries to present an investment opportunity in 20 blocks: 9 offshore and 11 near Libyan territories.

Feb 12, 2026

0 170 Less than a minute