Chevron Subsidiary Wins Entry Bid In Libya

Chevron was designated as the winning bidder for Contract Area 106 located in the Sirte Basin on February 11, 2026 in Libya's 2025 Bidding Round. On January 24, 2026 Chevron separately signed an MoU with NOC in Tripoli to evaluate the development and exploration potential onshore Libya.

The award of the Contract Area is subject to the execution of a Production Sharing Agreement.

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