The National Oil Corporation (NOC) held an extensive technical meeting in Tripoli to review the Austrian energy company OMV’s exploration activity for 2025, as the firm prepares to resume its full commitments in Libya after years of operational disruption. According to the NOC, the discussions focused on the post-drill evaluation of discovery well B1-106/4 and the drilling results from well C1-106/4, both located in contract area 90/106.
Senior officials from both sides attended the meeting, including the NOC’s Director of Exploration and OMV’s Libya Project Manager, alongside specialised technical teams. The session examined updated geological findings, expected production potential, and the technical feasibility of advancing exploration programmes across the targeted blocks.
OMV also expressed its readiness to initiate formal discussions with the NOC concerning the lifting of force majeure on three key contractual areas: NC74, NC29 and C102. These blocks have remained under force majeure due to prolonged instability and security constraints that previously hindered field operations and staff movement.
Once lifted, the company is expected to resume its outstanding exploration commitments, which include two-dimensional and three-dimensional seismic surveys, followed by exploratory drilling. These activities are viewed as essential for unlocking new reserves and supporting Libya’s long-term production stability.
The NOC emphasised that restoring exploration momentum remains a strategic priority, particularly as Libya seeks to maintain competitiveness in global energy markets. The corporation noted that cooperation with long-term partners such as OMV is crucial for enhancing technical capacity and securing future output.
The meeting concluded with both sides reaffirming their commitment to accelerating the timeline for reactivating exploration work, subject to improved operational conditions. The NOC stated that further technical and administrative consultations will continue in the coming weeks to ensure a structured return to full activity.
