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Jan 26, 2021
Lebanon is lagging behind neighboring countries in exploiting its potential natural gas and oil resources.
Initial offshore drilling of the first exploration well in ‘Block 4’ carried out by French oil firm Total found traces of natural gas but didn’t prove the existence of a gas reservoir. It has, however, confirmed the existence of the basic elements of a geological-oil system. Data gathered from ‘Block 4’ will be used to improve the analysis accompanying exploration work in ‘Block 9’.
Total, which leads a consortium that includes Italy’s ENI and Russia’s Novatek, is preparing to drill an exploration well in ‘Block 9’ slated to be completed by May 2021.
Download Brochure and go to page 113 to read about the "Oil & Gas" sector.