Exploration & Production

Lebanon concludes negotiations for offshore block bids

The Lebanese Petroleum Administration has concluded its technical negotiations with a consortium comprising Total, Eni and Novatek over its bids for blocks 4 and 9.
By Staff reporter 4 December 2017 0 28648

The Lebanese Petroleum Administration (LPA) has concluded its technical negotiations with a consortium comprising Total, Eni and Novatek over its bids for blocks 4 and 9 in Lebanon’s offshore acreage.

“Now we are doing the next steps. The minister of energy needs to prepare a report regarding the whole evaluation process and submit that to the Council of Ministers,” Walid Nasr, LPA’s chairman, told Interfax Natural Gas Daily.

Lebanon received only one bid for each of the blocks in its recent licensing round, both of...