Exploration & Production

Lebanon prepares for launch of second licensing round

Lebanon is looking at what can be learnt from its previous licensing experience as it prepares for a second round Lebanon is looking at what can be learnt from its previous licensing experience as it prepares for a second round.
By Verity Ratcliffe 25 April 2018 0 30584
The Lebanon International Oil & Gas Summit, 2017 The Lebanon International Oil & Gas Summit, 2017. (LIOG)

Lebanon is building on lessons learned during its first oil and gas licensing round to tweak the tender process ahead of its second offshore auction, Lebanese officials said on Tuesday.

“Last Friday, we had a meeting with [the Lebanese Petroleum Administration: LPA] and we asked them to start preparing for the second licensing round,” Cesar Khalil, Lebanese minister of energy and water, said at the Lebanon International Oil & Gas Summit in Beirut on Tuesday, without specifying when the tender will take place.

“[We want the LPA...