Libya Discovers New Oil Field in Sirte Basin as OMV Resumes Exploration After 13 Years
Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya.
According to a statement published on the NOC’s official website, the find was made by the Libyan branch of Austrian energy company OMV, marking its first exploration success in the region.
Preliminary test results indicate that the exploratory well is producing more than 4,200 barrels of oil per day, along with over 2.6 million cubic feet of natural gas daily.
OMV had previously confirmed in late 2023 that it had resumed exploration drilling in its Sirte Basin concession after a 13-year hiatus.
The new discovery underscores Libya’s ongoing efforts to revitalize its oil sector and attract international energy investment.
