TotalEnergies is among the major energy firms competing in Libya’s first energy exploration tender since the 2011 conflict, as reported on July 2, 2025. The country’s state-run oil firm aims to attract international partners to help ramp up production to a record.
This tender represents a significant opportunity for TotalEnergies to potentially enter or expand its presence in a resource-rich North African country. Eni SpA, Exxon Mobil Corp., and Chevron Corp. are also among the 37 companies that have lodged interest.
For investors, participation in such a tender highlights TotalEnergies' strategic pursuit of new upstream opportunities in promising regions. Securing exploration contracts in Libya could significantly contribute to the company's long-term oil and gas reserves and production profile.
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