Libya’s Acting Oil and Gas Minister, Khalifa Abdel Sadig announced last Sunday (25 January) plans to drill between 70 and 100 new oil and gas wells this year at the Libya Energy and Economy Summit (LEES 2026) held in Tripoli from 24 to 26 January. He said this comes as part of the country’s strategy to revive exploration activities and increase production. More than 30 wells drilled in 2025Abdel Sadig revealed that the country drilled more than 30 wells last year, emphasizing that the renewed momentum reflects improved stability, a clearer regulatory framework, and growing international confidence. New licensing round results to be announced this FebruaryThe minister also revealed that the strategy hinges on launching the first major licensing round in 17 years, encompassing 22 onshore and offshore blocks, with results expected to be announced next February.

Source: Libya Today January 29, 2026 15:02 UTC