This is NOC’s first international office – a major milestone in our journey as a National Oil Corporation (NOC) having the largest proven oil reserves in Africa. Our presence in Houston signals the important role this office can play in the development of our Oil & Gas and Petroleum sectors.

“Houston will serve as a vital Procurement and Engineering hub for NOC to tap into the expertise and technology in the market. We intend to expand our capability and upgrade our cutting-edge research and development to ensure Houston becomes the focal point for the rehabilitation of our O&G sector. For our US partners, this office will become a gateway to new opportunities in the industry as we look to sustain and grow this which is integral to our national economic development”.

Libyan NOC Chairman

The National Oil Corporation Concludes the Public Bidding Round by Announcing the Companies Winning the Investment Opportunity in Exploration

11/Feb/2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The National Oil Corporation today, under the supervision of its Chairman of the Board, Engineer Masoud Suleiman, concluded the final phase of the public bidding round for exploration.

The ceremony was held at the Rixos Halls Complex in Tripoli, in the presence of the Prime Minister of the Government of National Unity, Engineer Abdul Hamid Dbeibeh, and the Chairman of the Administrative Control Authority, along with a group of ministers and officials from a number of state institutions, members of the diplomatic corps accredited to Libya, directors of departments and heads of offices in the sector, international and local news agencies and satellite channels, a group of interested parties, as well as representatives of global energy companies and their agents worldwide.

The process of submitting and opening the envelopes of the companies that applied with their bids to win the investment opportunity in exploration for the blocks offered for this purpose was carried out with full transparency according to internationally adopted mechanisms and methods, and concluded with the winning of five of the largest global companies, recognized for their competence in this field, for investment opportunities in the blocks offered for exploration. These are: the consortium of Repsol and the Turkish company, the Hungarian MOL company, the consortium of Eni and QatarEnergy, as well as the consortium of Repsol and the Turkish company, and the American Chevron company, and the Nigerian ATEO company in this round.

In a speech he delivered on the occasion, the Chairman of the Board of the Corporation affirmed that the success of this round, which was conducted according to the highest standards of quality and transparency, represents a major turning point in advancing the Libyan oil sector and doubling Libya’s crude oil production, thereby achieving an economic renaissance that leads the country to a state of stability and prosperity, while preserving Libya’s crude oil reserves for future generations.

He also explained that the success of this round in attracting major global companies to invest in Libya constitutes a step in the “Promising Life Return” project launched by the Government of National Unity, which supervises its implementation and success with care, appreciating its role in supporting the Corporation’s strategy in this direction, pointing out that this round is the most prominent event in the development path followed by the Corporation.

Engineer Masoud Suleiman indicated that the success of this round was not limited to the number and size of the companies that obtained the investment opportunity, but is also considered a victory in restoring the world’s confidence in Libya’s ability to rise again and develop its institutions in line with the rapid global development witnessed in various fields, foremost among them the energy sector, pointing out that this confidence will positively reflect on the Libyan economy in various measures.

It is noteworthy that exploration had been halted in Libya for more than 17 consecutive years. The National Oil Corporation revived it at the beginning of last year, 2025, through a bidding round that toured a number of major countries of the world, to offer the investment opportunity project in 20 blocks, including 9 offshore blocks and 11 in areas close to Libyan lands, which underwent seismic surveys and technical studies to provide clear data for companies wishing to participate in the bidding round.

NOC Maps Out Future Gas Project Strategy in Key Workshop

The National Oil Corporation (NOC) held a workshop on Tuesday, November 18, 2025, at the Corinthia Hotel’s conference hall to discuss its strategic vision for developing gas projects in Libya. This workshop is part of the NOC’s ongoing efforts to enhance gas production and increase the production capacity of its fields.

In his opening remarks, NOC Chairman Engineer Masoud Suleman outlined the NOC’s vision to harness gas resources in order to meet the increasing domestic energy demand while also exporting any surplus. He emphasized that this strategy will help stabilize the electricity grid, create new investment and development opportunities, and enhance Libya’s standing as a reliable energy supplier in the region. Suleman also mentioned that to achieve these goals, it’s essential to evaluate the current status of gas projects, explore potential expansion opportunities, and address existing challenges. The workshop will discuss all these topics.

Engineer Suleman emphasized the importance of this event, particularly given the growing role of natural gas as a key driver of energy security. He praised the strong turnout, noting that it highlights the significance of this sector, which represents the future of energy in Libya. He pointed out that natural gas is a crucial pillar of the national economy and plays a key role in electricity generation and manufacturing industries.

The workshop also focused on the importance of developing a strategic vision for gas projects in Libya. He highlighted that the NOC is pursuing several significant initiatives to boost natural gas production, including collaborations with foreign partners. Most of these projects are expected to gradually come online starting in early 2028.

Directors from the Exploration and Production, Reserves Development, Projects, and Natural Gas Management departments shared technical proposals outlining their plans to help the NOC achieve its objectives for promoting Libya’s natural gas production.

Over the course of two days, officials from the NOC and oil companies will review strategic plans designed to boost gas production. They will also discuss initiatives to reduce emissions and enhance operational efficiency through practical projects developed in collaboration with international partners.

The workshop examined, during its sessions, the efforts of various companies to adopt best practices and technologies aimed at utilizing associated gas from oil operations. The goal is to convert this gas into a reliable energy source to support the national electricity grid, rather than losing it through flaring. It also evaluated key projects that have been implemented and completed in the development of gas fields, discussing their completion rates and the timeline for future projects aimed at increasing gas production to meet growing demand for power generation and export any surplus.

The workshop was attended by Mr. Khalifa Abdul Sadiq, a member of the NOC’s Board of Directors, along with several heads of committees from oil companies, department directors, and experts and specialists from both the NOC and its partner companies.

An agreement to develop exploration and production sharing between the National Oil Corporation and Eni.

After National Oil Corporation Chairman Farhat Ben Qaddara signed an agreement with the head of the Italian company ‘‘Eni’’, Claudio Discalzi, which includes the development of exploration and production sharing in the oil and gas sector in
Libya, this agreement will achieve significant investments for the Libyan state.
These investments will range from $7 to $9 billion in the oil sector, in addition to net revenues estimated at least $13 billion, and no amount of this extent has been invested in the Libyan oil and gas sector for the last twenty five years, and it will also encourage other partners to return to their exploration and development activity in Libya as soon as possible.

NOC Chairman Checks In on the Bid Round Team’s Progress

November 18, 2025, NOC Chairman Engineer Masoud Suleman checked in on the team’s efforts in preparing for the Bid round. He received an update on the implementation phases and the results achieved so far, especially regarding the meetings held with companies interested in participating.

During this meeting, the team also reviewed the procedures to be taken in preparation for announcing the results, ensuring the highest levels of transparency and governance. They also addressed feedback received from participating international companies.

The Chairman of the Board of Directors highlighted the importance of attracting investors and creating a favorable environment for investment projects. He stressed the need to make the Libyan oil sector appealing and supportive of business initiatives.

 

NOC Signs MoU with SLB to Hone Sustainable Development Projects

The National Oil Corporation (NOC) signed a Memorandum of Understanding (MoU) with SLB (Schlumberger), an important strategic partner in development and services.

The MoU aims to enhance collaboration on future projects that benefit local communities, especially those near oil fields and operational sites. It also focuses on initiatives to support the development of educational institutions as part of the NOC’s sustainable development programs.

This reflects the NOC’s strong commitment to supporting sustainable development initiatives and improving the integration of the oil sector with Libya’s economic, environmental, and social development needs.

Libyan National Oil Corporation Houston Branch

The newly established office of the Libyan National Oil Corporation Houston Branch in Houston, Texas has become the first international branch office of the NOC. Houston was carefully selected because of its strong links and importance to the Oil & Gas and Energy market. The focus for Libyan NOC Houston Branch, from start-up, will be to support the National Oil Corporation and its subsidiary companies to rehabilitate the entire Oil & Gas industry across the upstream, midstream and downstream sectors in Libya.

Modernization is at the forefront of our objective and therefore, the Libyan Oil & Gas industry is currently in the rebuilding and redevelopment phase and Libyan NOC Houston Branch’s Office in Houston will play a vital role in this process.

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What We Do

Identified and designated by NOC as the Branch office to oversee, manage and execute the turnkey Procurement functions;  Libyan NOC Houston Branch will, on behalf of all oil affiliated subsidiary companies in Libya, have the responsibility to perform these services by selecting professional suppliers and service providers from the local, national and international arena. Libyan NOC Houston Branch has been mandated to lead a USD 60 billion covering procurement, engineering, feasibility studies and technical training in an effort to upgrade Libya’s Oil & Gas sector, which will facilitate the potential increase of production to 2.1 million barrels per day by 2023.

The main objectives for Libyan NOC Houston Branch , from inception, will be to identify and establish framework agreements with “key” manufacturers and equipment suppliers. In addition, contracts will be entered into with service providers offering ancillary support to the Procurement activities such as, inspection and logistics.

Another function of Libyan NOC Houston Branch will be to support, on behalf of NOC, their training programs covering continued improvement across various disciplines including technical engineering, design and administration.

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