Dozen Oil Firms Qualify as Potential Operators in Lebanon’s 1st Licensing Round

Lebanon yesterday announced results of the pre-qualification phase for the 1st License Round which will be held on April 30, 2013.

Out of 52 companies, from 25 different countries all around the world, which sent their applications, 46 have qualified.

The ministry has also announced that out of 16 companies which applied for an Operator status, 12 have qualified. Those are Exxon Mobil, Shell, Petrobras, Chevron, Statoil, Inpex, Eni, Maersk, Anadarko, Repsol, Petronas and Total.  If selected as an operator, a company will  be responsible for managing the day-to-day field operations on behalf of other right-holders.

The 1st licensing round for hydrocarbon exploration within the Lebanese offshore EEZ (Exclusive Economic Zone)  is planned to open on April 30, 2013 at 9:00 at Phoenicia Intercontinental Hotel, Beirut, when the bidding for Lebanese offshore acreage will begin.

Exploration and Production sharing contracts, however, are not expected to be signed before February 2014, Bloomberg recently reported.

According to the U.S. Energy Information Administration, offshore oil and gas exploration in Lebanon, which heavily relies on energy imports to meet domestic demand, will begin in 2017.

The Lebanese offshore area covers a total of 22,730km2 in the Eastern Mediterranean and has never been previously licensed for hydrocarbon exploration.

The recent deepwater, sub-salt gas discoveries to the South and West, which encountered high quality Lower Miocene sands, have significantly increased the industry interest in Lebanon and the Eastern Mediterranean.

The Levantine basin within the Eastern Mediterranean region is regarded to contain some of the most exciting exploration plays in the region which are being re-evaluated through advances in seismic technology.

Offshore Energy Today Staff, April 19, 2013

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply