CALGARY, Alberta (Dec. 23, 2025) Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy SaaS company that leverages generative AI across its solutions, is releasing a new energy market report analyzing Libya’s return to the global energy spotlight and the implications of its 2025 bid round for international investment.
Libya’s latest bid round offers 22 blocks with an estimated 10 billion barrels of in-place resources and 18 billion barrels yet to be discovered. New fiscal terms improve contractor economics, with a discounted state take of 66% and an internal rate of return (IRR) of 19.8%, positioning Libya as competitive with moderate production sharing contract (PSC) regimes globally.
“Libya’s new licensing round marks a pivotal moment for the country’s energy sector. Enhanced fiscal terms, simplified cost recovery and clearer profit‑sharing, are already attracting serious interest from supermajors and national oil companies,” said Tom Richards, senior regional manager at EIR.
The opportunity is real, but long-term success depends on converting potential into sustained investment. Achieving the 2 million barrels per day target by 2030 will require four to six times the activity seen over the past decade, alongside meaningful progress on institutional reform, payment reliability and security. While our modeling shows the economics are globally competitive, ongoing systemic dysfunction—such as the unresolved political stalemate and offshore border disputes, remain critical barriers. Managing these above-ground risks is essential to unlock Libya’s full potential.”
Key takeaways:
- Libya’s 2025 bid round introduces investor-friendly fiscal terms, simplifying cost recovery and profit-sharing.
- The 22 available blocks are evenly split between onshore and offshore, with substantial resource potential.
- Political instability and infrastructure challenges remain major obstacles to sustained sector growth.
- The National Oil Corporation (NOC) aims to increase oil production by more than 40% to 2 million barrels per day by 2030, requiring a significant ramp-up in activity.
EIR’s analysis pulls from a variety of products including Enverus PRISM®, Enverus FOUNDATIONS®, Global Research and Enverus AI.
You must be an Enverus Intelligence® subscriber to access this report.
EIR research reports cannot be distributed to members of the media without a scheduled interview. If you have questions or are interested in obtaining a copy of this report, please use our Request Media Interview button to schedule an interview with one of our expert analysts.
About Enverus Intelligence® Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.
