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Libya: OMV Sirte Basin Discovery Raises Hopes of Production Expansion

Libya: OMV Sirte Basin Discovery Raises Hopes of Production Expansion

by Dispatch Risk Analysis | Oct 31, 2025 | Economic, Libya, Political, Social

Libya: OMV Sirte Basin Discovery Raises Hopes of Production Expansion Summary: On 30 October 2025, the National Oil Corporation (NOC) announced a new oil discovery by Austria’s OMV Exploration GmbH, Libya Branch, in the Sirte Basin. The find, at Block 106/4, well B1,...

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