Total-led worldwide consortium (Total 40%, ENI 40%, Novatek 20%) and the federal government of Lebanon have signed two Exploration and Production Agreements masking Blocks four and 9 situated offshore Lebanon, within the jap a part of the Mediterranean Sea. These agreements present for the drilling of not less than one nicely per block within the first three years.
“An established participant in Lebanon’s advertising sector, Total is delighted to broaden its presence within the nation to the exploration & manufacturing phase. These agreements are a part of the Group’s exploration technique within the Mediterranean area”, said Stéphane Michel, Senior Vice President Middle East/ North Africa, Exploration & Production at Total.
The consortium’s precedence might be to drill a primary exploration nicely on Block four in 2019.
As for Block 9, Total and its companions are totally conscious of the Israeli-Lebanese border dispute within the southern a part of the block that covers solely very restricted space (lower than eight% of the block’s floor). Given that, the primary prospects are situated greater than 25km from the disputed space, the consortium confirms that the exploration nicely on Block 9 could have no interference in any respect with any fields or prospects situated south of the border space.
The blocks had been awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) within the body of the first offshore licensing spherical, launched by the Lebanese authorities in January 2017. (Source and picture: Total)
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