Gulf Oil and Gas accountACCOUNT

Lebanese Offshore Oil and Gas Licensing Round Continues Despite Political Crisis

Source: Reuters 11/10/2017, Location: Middle East

Share |
Lebanon’s Energy Minister called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting the process would continue despite the political crisis.

Prime Minister Saad al-Hariri resigned in a speech from Saudi Arabia and has yet to return to the country, sparking a political crisis.

President Aoun has said he will not accept Hariri’s resignation until he returns to the country, while the Lebanese authorities have said they consider the government to still be legitimate.

And Energy and Water Minister Cesar Abi Khalil said on Twitter that he signed a document calling on companies who submitted bids for the offshore license blocks “to negotiate the technical proposals”.

Lebanon sits on the Levant Basin in the eastern Mediterranean where a number of big subsea gas fields have been discovered since 2009, including the Leviathan and Tamar fields situated in Israeli waters near to the disputed marine border with Lebanon.

Lebanon re-launched the tendering competition for the exploration and production rights in January after a three-year delay due to political paralysis.

However, a consortium made up of France’s Total, Italy’s ENI and Russia’s Novatek, made the only offer in the tendering process which closed on October 12, with bids for two of the blocks.

The Lebanese Petroleum Administration has said it will evaluate bids for the offshore blocks and present them to the energy minister by Nov. 13. Final approval will then be sought from Lebanon’s council of ministers.

Exploration News in Lebanon >>

Russia >>  10/10/2018 - NOVATEK has announced that its wholly owned subsidiary Arctic LNG 3has completed the testing of the first exploration well at the North-Obskiy license...
Colombia >>  10/9/2018 - Frontera Energy Corporation announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Co...

Mexico >>  10/9/2018 - Pemex CEO, Carlos Trevino, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, wh...
Libya >>  10/8/2018 - Libya’s National Oil Corporation, BP and Eni signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a...

Mozambique >>  10/8/2018 - The Mozambican government had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia’s Rosneft. Mozambique’s National Petroleu...
Australia >>  10/5/2018 - Central Petroleum Limited, as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well (“PV13”), as of this morning, i...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Lebanon Oil & Gas 1 >> 

More News

 

Oil & Gas Companies in Lebanon >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.