Libya Announces Three New Oil, Gas Discoveries

Libya’s energy sector received a significant boost following the announcement of three new oil and gas discoveries across key onshore and offshore basins, reinforcing the country’s hydrocarbon potential and supporting plans to raise production and attract investment.

The discoveries were confirmed by the National Oil Corporation (Libya) in cooperation with international partners operating under existing exploration and production sharing agreements.

The first discovery was made in the Ghadames Basin in partnership with Sonatrach through its Libya-based subsidiary SIPEX.

The exploration well A1-69/02, drilled within contract area 96/95 and located around 70 kilometres from the Wafa field, reached a final depth of 8,440 feet. Testing revealed production rates of approximately 13 million cubic feet of gas per day, along with 327 barrels of condensates daily from multiple reservoir layers.

The well represents the sixth completed under Sonatrach’s contractual obligations out of eight planned wells, reflecting ongoing cooperation between Libya and Algeria in developing shared energy resources.

A second discovery was announced in the Murzuq Basin in collaboration with Repsol, following the successful drilling of exploration well G1-4/130 in contract area 131/130, located roughly 800 kilometres south of Tripoli.

The well reached a depth of 4,325 feet and delivered an estimated production rate of 763 barrels of oil per day from the Mamonia reservoir formation. This marks the fifth well completed under the company’s exploration obligations outlined in the 2008 agreement.

The discovery is expected to enhance development prospects in the Murzuq Basin and support Libya’s broader strategy to increase crude output.

The third discovery was made offshore in western Libya in partnership with Eni through its North Africa subsidiary.

The well, drilled to a depth of 10,458 feet within contract area D4/16, tested gas-bearing formations in the Melut reservoir, delivering flow rates of up to 24 million cubic feet per day.

It represents the final commitment under the offshore exploration agreement signed in 2008, marking a key milestone in Libya’s offshore exploration program.

The National Oil Corporation said the discoveries highlight the effectiveness of ongoing exploration agreements and underscore Libya’s potential as a major regional energy supplier.