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2026-11-11T16:44:27.063Z

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Libya in 2027 oil talks

Libya in 2027 oil talks

Libya’s National Oil Corporation discussed plans with a consortium comprising Spain’s Repsol, Turkish Petroleum Corporation, and Hungary’s MOL to explore Area 22 in the Sirte Basin during the second quarter of 2027. The plans include a 3D seismic survey covering 2,676 square kilometers and a 1,500-kilometer linear survey, in waters up to 2,000 meters deep. The consortium won exploration rights in a bidding round held in January—the first of its kind in Libya since 2007.

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