The Tunisian-Libyan joint venture Joint Oil has announced a new tender for the development of Zarat and the joint exploration of petroleum blocks, appointing Moyes & Co. as strategic advisor.
Joint Oil highlighted the exceptional potential of the Joint Oil block and the Zarat discovery, strategically located along the southern margin of the Pelagian Basin, in the geological extension of the Sabratha-Gabes basin.
Through its partnership with Moyes, the company said it offers investors a solid data framework and a clear commercial strategy for developing these significant unit resources.
The concession benefits from a highly strategic offshore location, close to several major producing fields in the Sabratha-Gabes basin, including El Jorf, Bahr Essalam and Bouri offshore Libya, as well as Hasdrubal, Ashtart, Didon and Miskar offshore Tunisia.
This positioning strengthens the project’s long-term value proposition through access to established regional infrastructure, operational synergies and export routes.
Bordered by active Libyan exploration areas and major offshore concessions, the Joint Oil block and the Zarat discovery further underline the substantial untapped hydrocarbon potential of the shared Tunisian-Libyan offshore basin, reinforcing its attractiveness as a high-impact exploration and development opportunity for investors and strategic partners.
Joint Exploration, Exploitation, and Petroleum Services Company “Joint Oil” is a Tunisian-Libyan joint venture created through Tunisia’s national company ETAP and Ola Energy Holdings Ltd. Since 1988, it has managed hydrocarbon resources in the Tunisian-Libyan offshore zone.
Moyes & Co. is an international advisory firm specializing in the upstream energy sector, active since 1983.
Registered in Texas, it has a global presence with offices in Houston, Dallas, London and Singapore, providing transactional and marketing advisory services to the energy industry.
