Approval of two decrees brings Lebanon's 1st licensing round closer. The newly formed government of The Lebanese Republic is acting quickly to facilitate the country's first licensing round for offshore hydrocarbon exploration.
The passing of two decrees January 4, 2017 was an important step. The first officially delineates the offshore exploration blocks, while the second approves both the tender protocol mechanism and the model exploration and production agreement.
A unique exploration opportunity
There has been progressive expansion and improvement of imaging in this highly prospective area in parallel with preparations for the commencement of oil exploration.
Lebanon now presents a tremendous opportunity with frontier acreage already covered by modern 2D and 3D seismic data. Furthermore, the acreage comes with the reassurance of proven hydrocarbon plays and recent discoveries in the vicinity.
As an official data provider in Lebanon, PGS has the seismic you need to analyze some of the most promising leads in the Mediterranean:
- 10 000 sq. km of 3D PSDM
- 2D GeoStreamer® basin surveys
- Legacy 2D seismic
To learn more about our available seismic products and start exploring, visit our Data Library or contact us: mcmiddleeast@pgs.com or +47 6751 4209
Exploration blocks and PGS seismic data coverage offshore Lebanon
Contact a PGS expert
Please contact a member of our AMME team for more information.