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Exploration & Production

IOC schedule pushes back Lebanon service base decision

Exploration in Lebanon will not take place until late 2019, meaning the country has more time to develop an onshore service base Exploration in Lebanon will not take place until late 2019, meaning the country has more time to develop an onshore service base.
By Verity Ratcliffe 13 July 2018 0 31739
Limassol, Cyprus The city of Limassol, Cyprus. (PA)

The decision by Total and its partners to drill their first well in Lebanon in late 2019 means the country will have keep waiting before any exploration starts. Although Lebanese authorities would no doubt prefer work to start earlier, this does give the country more time to develop an onshore support base.

The exploration period officially began at the end of May, when Lebanese authorities approved the plan submitted by Total, Eni and Novatek. The companies proposed drilling their first well towards the end of next...