Total-led worldwide consortium (Total 40%, ENI 40%, Novatek 20%) signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, protecting Blocks four and 9, situated within the deep waters offshore Lebanon. The agreements are the results of the primary International Competitive Offshore Licensing Round launched by Lebanese Petroleum Authority.

The agreements open the way in which for the exploration of the Offshore of Lebanon and additional strengthen the Company’s presence within the Eastern Mediterranean.

The consortium's precedence might be to drill a primary exploration nicely on Block four in 2019.

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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 principle 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 have 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: www.worldoil.com

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