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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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