Lebanon can now move forward with confidence to explore its southern blocks, after the finalization last week of an understanding with Israel on their maritime border. Eight blocks remain on offer in the Lebanese Second Offshore Licensing round.
The Lebanese Second Offshore Licensing Round is open until 15 December 2022. PGS has MultiClient data covering all blocks on offer.
Three offshore blocks (eight, nine, and 10) are in the southernmost area. Blocks eight and ten are available in the round, while block nine is held by TotalEnergies as part of a consortium.
- Reuters: Total securing Novetek’s share and interest from Qatar on Lebanon Block 9
- Reuters: Israel, Lebanon finalize maritime demarcation deal without mutual recognition
PGS MultiClient coverage of blocks available in Lebanon's Second Offshore Licensing Round.
Maritime Border Demarcation Understanding
On Friday 27 October 2022, Lebanon and Israel completed the last procedural step in securing an understanding over a maritime border demarcation, when a letter of understanding provided by the US government mediator was signed by Lebanese President Michel Aoun in Baabda and Israeli Prime Minister Yair Lapid in Jerusalem. The US government will act as a guarantor, to ensure adherence to the conditions of the understanding through any future changes in the governments of both countries.
Lebanon will now launch new efforts to achieve a consensus on its maritime border with Cyprus. Meetings have also been scheduled in Beirut and Damascus to reach a border agreement between Lebanon and Syria.
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For details of PGS data offshore Lebanon, please contact amme.info@pgs.com
PGS MultiClient coverage of blocks available in Lebanon's Second Offshore Licensing Round.
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Please contact a member of our AMME team for more information.