ENI Enters in Lebanon Signing Two Exploration and Production Contracts

Source Press Release
Company ENI S.p.A.NovatekTotalEnergies SE 
Tags Service Contracts, Production/Development, Exploration, Strategy - Upstream, Strategy - Corporate, Upstream Activities
Date February 09, 2018

Eni has signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon covering Blocks 4 and 9, located in the deep waters offshore Lebanon. The agreements are the result of the first International Competitive Offshore Licensing Round launched by Lebanese Petroleum Authority.

The agreements open the way for the exploration of the Offshore of Lebanon and further strengthen the Company’s presence in the Eastern Mediterranean, where the Company operates exploration and production activities in Egypt and exploration activities in Cyprus.

Eni holds a 40% participation interest in both blocks. Total is the Operator with a 40% stake, while Novatek holds a 20% stake.

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