Core Insights - Zallaf Oil and Gas has successfully shipped its first export cargo from the Chadar oil field, totaling 600,000 barrels [1] - The Chadar field, located in the Sirte Basin, began production in January 2023, initially producing 1,500 barrels of crude oil daily and 7.5 million cubic feet of associated gas [1][2] - The National Oil Corporation (NOC) has been active in discovering new oil fields, with recent announcements of new discoveries in northwestern Libya and the Sirte Basin, indicating a resurgence in oil production [3][4] Company Developments - Zallaf Oil and Gas was established by the NOC in 2017 to develop previously discovered oil fields that had not yet entered production [2] - The NOC has recently announced new discoveries, including a well producing approximately 4,675 barrels of crude oil per day and 2 million cubic feet of gas [3] - Another discovery by OMV's local subsidiary in the Sirte Basin showed production exceeding 4,200 barrels of oil per day, with gas production expected to surpass 2.6 million cubic feet daily [4] Industry Context - Major oil companies, including BP, Shell, Eni, TotalEnergies, Exxon, and Chevron, have resumed operations in Libya, reflecting an improving security environment after years of civil conflict [5] - The NOC has launched its first oil and gas tender in 18 years, attracting interest from international oil companies for both existing fields and new exploration projects [5]