Lebanon Launches Second Offshore Bid Round

Source Press Release
Company PGS Overseas ASENI S.p.A.NovatekTotalEnergies SE 
Tags Strategy - Corporate, Strategy - Upstream
Date December 02, 2021

The Lebanese authorities have launched the country's second offshore bid round, with a simplified process to attract new investors. Eight blocks are on offer. The closing date for bids is 15 June 2022.

The Lebanese Petroleum Administration (LPA) shared details last week of new terms for the licensing of eight blocks available in Lebanon's offshore bid round. The blocks on offer are 1, 2, 3, 5, 6, 7, 8, and 10. The PGS Lebanon 3D Vision and MC2D data cover all of the eight blocks on offer.

Blocks 4 and 9 are currently licensed to TotalEnergies, Eni, and Novatek. One well has been drilled in Block 4 and a second is planned on Block 9 next year.

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