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Lebanon Day' in London to prepare for 2nd round of oil & gas licenses

Nov 28

Lebanon Day' in London to prepare for 2nd round of oil & gas licenses

NNA - Energy and Water Ministry and Lebanon's Petroleum Administration (LPA) jointly held 'Lebanon Day' in London to start preparing for the launch of the second offshore oil and gas licensing round.


Water and Energy Minister, Cesar Abi Khalil, and LPA officials presented bids to the oil companies participating in this meeting, focusing on preparations for the second licensing round.


The meeting was attended by Lebanon's Ambassador to the United Kingdom Rami Mortada and the Deputy Head of Mission Marwan Francis.


The 'Lebanon Day', which was held in London in conjunction with the International 'PETEX' Conference, presented geological bids showing the promising potential of hydrocarbon resources in the Lebanese marine waters, the legal and financial regulations of petroleum activities in Lebanon and the criteria for qualifying companies to the second licensing round.


Minister Abi Khalil and the Lebanese delegation held bilateral meetings with representatives of several international exploration companies.


The Cabinet has issued a decision commissioning the Minister of Energy and LPA to prepare for the launch of the second offshore round at the end of 2018.

nna-leb