Libya is ushering in a new era of energy development with the launch of its first oil exploration bid round in nearly two decades. The Libyan government has officially opened the 2025 licensing round, marking a significant milestone in its strategy to revitalize the country’s oil and gas sector. This long-anticipated move is expected to attract foreign investment and stimulate exploration in Libya’s resource-rich basins, positioning the nation as a key player in Africa’s evolving energy landscape.
Momentum is already building across Libya’s upstream sector, with several ongoing projects highlighting the country’s renewed focus on energy expansion. In a recent milestone, Mellitah Oil and Gas Company resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libya’s ability to meet both domestic demand and export commitments. Meanwhile, Eni is spearheading a high-profile offshore drilling campaign in the Sirte Basin, with plans for four exploration wells in 2025. In the Ghadames Basin, BP is advancing a multi-well drilling initiative targeting multiple oil and gas formations, leveraging existing seismic data and considering participation in the bid round.
Offshore infrastructure developments are also progressing at pace. Eni’s Structures A&E Project, designed to funnel gas from two offshore fields to the Mellitah treatment plant, has moved into the engineering and construction phase, with drilling set to commence in early 2025. The Sabratha Compression Project is also advancing, with its launch expected later in the year. Additionally, ABL has been enlisted to support Saipem in the installation of critical equipment for the Bouri Gas Utilization Project, a key initiative aimed at boosting offshore production and optimizing Libya’s natural gas reserves.
As Libya reopens its energy sector to global players, its renewed commitment to exploration and production is positioning it alongside major African oil producers such as Nigeria, Angola, and Namibia. These developments will be a focal point at African Energy Week (AEW) 2025, the continent’s leading energy investment platform. The event will serve as a strategic forum for Libya to showcase its projects, attract foreign partners, and secure investment for long-term growth. Discussions will center on regulatory stability, infrastructure expansion, and strategies to maximize Libya’s hydrocarbon potential.
“The launch of Libya’s 2025 bid round represents a transformative opportunity for investors looking to engage with one of Africa’s most promising energy markets. With a clear commitment to industry expansion, Libya is not only securing its own energy future but also contributing to Africa’s broader energy revolution,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.
With production increasing, infrastructure projects advancing, and greater private-sector participation, Libya is sending a clear message: it is open for business. As Africa’s energy landscape continues to evolve, Libya is poised to play a pivotal role in shaping the continent’s future as a global energy powerhouse.