The Libyan-Tunisian Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) has announced a new bid round schedule for its Zarat Development and Joint Oil Block Exploration Acreage.
Located in the prolific Gabes-Tripoli Basin of the central Mediterranean, this offshore acreage represents a premier opportunity for cross-border energy cooperation between Tunisia and Libya.
The new bid round schedule
Joint Oil officially announced that the New Bid Round will open on 7 September 2026 and run through 31 December 2026.
Access: Credible companies with proven offshore exploration and development capability are invited to apply for access to the Virtual Data Room (VDR) managed by Moyes & Co.
Submission: Bids must be received by 8 January 2027.
Selection: Winning bidders will be informed by 26 February 2027, with formal awards expected by 30 April 2027.
The bid round opportunity will be presented at the London Mediterranean, Middle East & Africa Scout Group (MMEA) on 9 September 2026 and at the World Energy Summit in London on 29-30 September 2026 where Joint Oil will also be present at a booth.