QatarEnergy won an offshore exploration license in the State of Libya following the conclusion of the “Libya Bid Round”, marking QatarEnergy’s first entry into the country’s upstream sector.

The results of the competitive bid process, the first to be held in Libya since 2007, were announced today by the National Oil Corporation (NOC) awarding the exploration and production rights for offshore block O1 to a consortium of QatarEnergy (40% participating interest) and Eni (the operator, 60% participating interest).

Commenting on the award, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are pleased to be awarded this exploration block and enthusiastic about the prospects of Libya’s offshore upstream sector and about expanding our upstream footprint in North Africa.”

H.E. Minister Al-Kaabi added: “I would like to take this opportunity to thank and congratulate the Libyan authorities on the success of this bid round. We look forward to a collaborative and productive relationship, working alongside the Libyan authorities and Eni to deliver a successful exploration program.”

Located in the offshore Sirte Basin, block O1 covers an area of approximately 29,000 km² in water depths of up to 2,000 meters.

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.

About Libya’s National Oil Corporation (NOC)

Established in 1970, Libya’s National Oil Corporation (NOC) has been the backbone of the country’s energy sector for over five decades. As guardians of Libya’s vast oil and gas reserves, NOC is committed to sustainable resource development while maintaining it's position as a key player in the global energy market. NOC’s journey is defined by resilience, innovation, and strategic collaborations with international partners—strengthening Libya’s Energy.