Libya is set to reopen bidding for several oil exploration blocks that failed to secure investors in its previous licensing exercise, in a renewed effort to boost interest in its energy sector.

The earlier round saw limited success, with only five out of 22 available blocks awarded. This outcome has prompted authorities to redesign the process and reintroduce the remaining blocks in a new licensing round.

The country’s National Oil Corporation is leading the initiative, aiming to make the offering more attractive to international oil companies. Officials plan to adjust key terms and streamline procedures to address concerns raised during the last round.

Industry observers say the revisions could help remove barriers that discouraged participation, particularly around contract conditions and technical demands.

With these changes, Libya hopes to draw stronger global interest and unlock more investment into its oil exploration sector, a critical part of the country’s economy.