Oil & Gas
Zarat Discovery
You will find yourself working that result partnership in an incredible Experience, and an end products that is the best
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Who we are
JOINT OIL is a registered trade name of the JOINT EXPLORATION, EXPLOITATION and PETROLEUM SERVICES COMPANY which is equally owned by the Libyan Company "OLA Energy holdings Ltd (OLA)" and the Tunisian Company "Entreprise Tunisienne des Activités Pétrolières" (ETAP).
We Are Focused On
Sustainable growth by driving integration across our operation area
Who We Are
Since 1988
JOINT OIL is a registered trade name of the JOINT EXPLORATION, EXPLOITATION and PETROLEUM SERVICES COMPANY which is equally owned by the Lybian Company “OLA Energy holdings Ltd (OLA)” and the Tunisian Company “Entreprise Tunisienne des Activités Pétrolières” (ETAP). The company was established on 08/08/1988 through the Establishment Agreement signed between The State of Libya and the State of Tunisia, outlining the terms of the joint venture between the two countries.
Strategy
Our Strategy
Joint Oil is entering a dynamic new phase with an expansion beyond the "Joint Oil" Block, driven by recent amendments to its foundational agreements. Focused on accelerating discoveries and enhancing contract services, Joint Oil is now strategically positioned to acquire, develop, and exploit oil and gas reserves, while actively seeking new contracting and subcontracting opportunities in the oil industry.
Purpose, Mission, Vision & Values
Our Purpose
We believe in providing energy that empowers people.
Our Mission
To provide top-notch sustainable and integrated energy solutions. We achieve this by pursuing excellence in operations, innovation, and the well-being of our employees, customers, and partners.
Our Vision
To become an innovative energy partner, providing sustainable value and industry-leading performance.
Teamwork
Collaborating and sharing ownership, responsibilities, and outcomes.
Our Values
Integrity
Being honest, truthful, reliable, and fair when interacting with all stakeholders.
Transparency
Openness, straightforwardness, and consistency in all our actions through clear, simple, and precise communication.
Respect
Acknowledging, recognizing, and valuing all stakeholders.
Customer Focus
Prioritizing the customer in everything we do.
- Since 1988 Established by Libya-Tunisia Agreement
- 3,055 km² Joint Oil Block area
- 6,500 km 2D Seismic on Zarat Discovery
- 1,900 km² 3D seismic on Zarat Discovery
- 10,612 km 2D seismic on Joint Oil Block (1999-2012)
Featured Operations
Zarat Discovery & Joint Oil Block
Latest News
From Joint Oil
Joint Oil Announces New Bid Round Schedule for Zarat Development and Joint Oil Block Exploration Acreage
TUNIS, Tunisia — 11 August 2026 Details regarding the Joint Oil Block and Zarat Discovery bid round have been officially…
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Announcement of the Bid Round on the 20th of September 2023
Zarat Joint Oil block marketing team during the announcement of the bid round on the 20th of September 2023.
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