Algerian energy giant Sonatrach has resumed oil and gas exploration in Libya’s Ghadames Basin, the National Oil Corporation (NOC) announced in a statement issued Thursday, Oct. 23, 2025.
The well is located in Block 95/96 of the Ghadames Basin, near the Algerian-Libyan border and about 100 kilometers from the Wafa field, the NOC said.
Sonatrach suspended drilling at the site in May 2014 because of security concerns at the time. The company now plans to drill to a target depth of 8,440 feet.
The resumption follows an earlier discovery. In February 2013, the Libyan Ministry of Oil and Gas announced an oil and gas discovery in a Ghadames Basin field operated by Sonatrach. Preliminary studies suggested the field could produce about 8,200 barrels of crude oil and 1,700 cubic meters of natural gas per day, according to the ministry.
Libya, which holds Africa’s largest proven oil reserves at 48 billion barrels, has seen production repeatedly disrupted by the turmoil following the 2011 fall of Muammar Gaddafi. The country remains divided between two rival authorities: the internationally recognized Government of National Unity (GNU) based in Tripoli, and a parallel administration in Benghazi allied with Khalifa Haftar, which controls large parts of the country with support from foreign backers, including Russia.
Despite the political divide, the Tripoli-based government launched an oil and gas sector recovery plan in early 2025, backed by investments estimated at $3–4 billion. As part of this initiative, Italian energy group Eni resumed offshore exploration along Libya’s northwest coast in early October. Authorities have also held talks with ExxonMobil and Chevron on developing new blocks and boosting production from existing fields.
In a key step toward reopening the sector to foreign investment, Libya launched its first oil bidding round in 17 years in April 2025.
Walid Kéfi
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Telecom Namibia secured $23.9 million in financing to expand broadband and mobile infrastructure. Around 35% of Namibia’s population...
The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1. Authorities aim to improve...
Asian and European hubs dominate the 2026 Skytrax ranking, with Singapore Changi leading globally. Only two African airports—Cape Town (74th) and...
Gold Fields will transfer the Damang mine to the Ghanaian state on April 18 after a one-year transition period. A feasibility study confirms the...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...