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Update on Lebanon 2nd Offshore Licensing Round

Source: www.gulfoilandgas.com 1/16/2020, Location: Middle East

Lebanon’s Ministry of Energy and Water and the Lebanese Petroleum Administration have announced an extension of the application deadline. Companies interested in participating in the licensing round are now invited to submit their applications for Blocks 1, 2, 5, 8 and 10 before the 30th April 2020.

Exploration Opportunity
Lebanon presents a tremendous opportunity, with frontier acreage already covered by modern 2D and 3D seismic data. The acreage comes with the reassurance of proven hydrocarbon plays and recent discoveries in the vicinity.

PGS has supported exploration efforts offshore Lebanon since 2006 with multiple 2D and 3D surveys. As an official data provider for the 2nd Lebanon Offshore Licensing Round, PGS’ high-quality datasets will help you to unlock the petroleum system and evaluate potential prospects in the Levantine Basin.

- PSDM MegaSurvey: over 10 000 sq. km of matched, fully-migrated, and merged 3D seismic.
- 8,800 line km of 2D GeoStreamer seismic (acquired 2009 and 2011) tying to the 3D surveys.
- Data rooms available in PGS offices globally and in Beirut via LPA and the Ministry of Energy and Water.

Exploration News in Lebanon >>

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South Africa >>  3/24/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces financial and operating results for t...

United Kingdom >>  3/23/2020 - UK Oil & Gas PLC has filed a planning application with the Isle of Wight Council for the appraisal drilling and flow testing of the Arreton oil discov...
Azerbaijan >>  3/19/2020 - SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the...

Germany >>  3/18/2020 - Neptune Energy announced a discovery has been made at the Schwegenheim exploration well in the Rhine Valley, Germany, following detailed analysis. ...
United Kingdom >>  3/17/2020 - Total, Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central Nor...

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