Lebanon approves offshore awards for two blocks

Lebanon’s Cabinet has approved the recently awarded licenses for Blocks 4 and 9 that lie in northern and southern areas offshore. Energy Minister Cesar Abi Khalil was quoted in The Daily Star saying drilling could begin as early as 2019.

Lebanon’s Cabinet has approved the recently awarded licenses for Blocks 4 and 9 that lie in northern and southern areas offshore (OGJ Online, Oct. 23, 2017). Energy Minister Cesar Abi Khalil was quoted in The Daily Star saying drilling could begin as early as 2019.

Three companies are included in the consortium exploring both blocks: Total SA, Eni SPA, and OAO Novatek. Lebanon’s offshore is prospective for oil and gas, but the future of its development remains unknown (OGJ Online, July 7, 2017). Despite the announcement, the energy ministry has not released technical details of contracts nor has it disclosed the amount of the bids.

Contact Tayvis Dunnahoe at tayvisd@ogjonline.com.

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