Lebanon Opens 2nd Offshore Licensing Round

Lebanon’s Council of Ministers has approved the launch of the Second Offshore Licensing Round (SOLR). PGS is an official data provider for the round. Acreage comes with the reassurance of proven hydrocarbon plays and recent discoveries in the vicinity.

On the 4th of April 2019, Lebanon’s Council of Ministers approved the launch of the Second Offshore Licensing Round (SOLR).

Companies interested in participating in the licensing round are invited to submit their applications for Blocks 1, 2, 5, 8 and 10 before the 31st January 2020.

Guidance on the application process, covering legal, technical, commercial, quality, health, safety, and environmental aspects, will be made available soon.

Exploration Opportunity

Following the success of the first license round in 2017, Lebanon again presents a tremendous opportunity, with frontier acreage already covered by modern 2D and 3D seismic data. The acreage comes with the reassurance of proven hydrocarbon plays and recent discoveries in the vicinity.

PGS has supported exploration efforts offshore Lebanon since 2006 with multiple 2D and 3D surveys. As an official data provider for the 2nd Lebanon Offshore Licensing Round, PGS’ high-quality datasets will help you to unlock the petroleum system and evaluate potential prospects in the Levantine Basin.

  • PSDM MegaSurvey: over 10 000 sq. km of matched, fully-migrated, and merged 3D seismic
  • 8 800 line km of 2D GeoStreamer seismic (acquired 2009 and 2011) tying to the 3D surveys
  • Data rooms available in PGS offices globally and in Beirut via LPA and the Ministry of Energy and Water 

Find Out More

For more details please contact amme.info@pgs.com or visit the LPA website www.lpa.gov.lb


Read: PGS Data Library: Mediterranean
Read: Hotspot: Eastern Mediterranean

PGS’ high-quality datasets will help you to unlock the petroleum system and evaluate potential prospects in the Levantine Basin
High-quality PGS datasets will help you to unlock the petroleum system and evaluate potential prospects in the Levantine Basin