Overview

Libya's Exploration & Production (E&P) sector is a vital force in the global oil and gas industry, offering extensive opportunities for international investment. As the 17th largest oil producer globally and the 3rd largest in Africa, Libya possesses vast hydrocarbon reserves across six major petroliferous basins. This resource-rich landscape makes it a prime destination for E&P activities, driving energy security and economic expansion. With significant proven oil and gas reserves, ongoing exploration, infrastructure upgrades, and strategic investments are enhancing production capacity. Libya's National Oil Corporation (NOC) oversees exploration and licensing, ensuring sustainable resource development. Libya's E&P sector remains key to meeting global energy demands while maximizing the country's economic potential.