The Tunisia‑Libya Joint Oil Exploration, Development and Petroleum Services Company (Joint Oil) has relaunched its offshore block tender, opening the Zarat development project and exploration areas within the Joint Oil blocks to investors. The tender opens on September 7, 2026, and closes on December 31, 2026; bid documents must be submitted by January 8, 2027, with contracts expected to be awarded by April 30, 2027.
This tender relaunches the marketing process initiated in 2023, which did not result in any contract award in the previous round. The joint venture between Tunisia and Libya is making a new attempt to attract investment into the offshore area shared by the two countries.
The exploration block covers approximately 3,000 square kilometres, with water depths ranging from 80 to 120 metres. The block is covered by 6,500 km of 2D seismic data and 1,900 km² of 3D seismic data, and includes five historic exploration wells. It lies within the geological extension of the Sabratah‑Gabes Basin, flanked by producing oilfields on both the Tunisian and Libyan sides.
In addition to the exploration block, the Zarat project offers bidders an existing discovery and a defined development concept. The discovery straddles the offshore boundary between the Joint Oil block and the Tunisian Zarat permit area. Joint Oil will offer this discovery as a joint hydrocarbon development project, with a planned two‑phase development using a mobile offshore production unit. Available data include three appraisal wells, reservoir core samples, and records from eight drill‑stem tests.
The area can rely on the ports of Sfax and Zarzis, which provide well‑established logistics bases for offshore operations. Joint Oil has engaged Moyes & Co. to handle data validation, valuation and marketing, and eligible bidders may apply for access to a virtual data room for document review.
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Post time: Sep-01-2026