JOINT OIL — the joint entity managing Tunisia and Libya’s shared offshore acreage — has appointed Moyes & Co as strategic advisor for a new bid round covering the Zarat Discovery and the wider Joint Oil Block exploration acreage in the Pelagian Basin.
The bid round offers two commercial opportunities: an Exploration and Production Sharing Agreement (EPSA) for new plays, leads and prospects within the 3,000-square-kilometre Joint Oil Block at water depths of 80–120 metres; and a Development and Production Sharing Agreement for the cross-border Zarat Discovery, governed alongside a Unitization Agreement and associated operating contracts. The block holds 6,500 kilometres of 2D seismic and 1,900 kilometres of 3D seismic coverage, and sits in close proximity to major producing fields in both Libya and Tunisia.
The bid round opens August 1, 2026 and closes November 30, 2026, with submissions due by December 1. Winning bidders will be notified by January 31, 2027, and formal awards are expected by March 31, 2027.
Source: oilreviewafrica.com