BEIRUT: Lebanon on Friday signed a gas exploration deal for Block 8 with a consortium comprising France’s TotalEnergies, Qatar Energy and Italy’s Eni, in a ceremony held at the Prime Minister’s Office and attended by Prime Minister Nawaf Salam.
According to Gaby Daaboul, board member at the Lebanese Petroleum Administration, the agreement stipulates that the consortium will carry out a 3D seismic survey in Block 8, which spans 1,200 sq. km, in preparation for exploratory drilling based on analysis of the survey data.
In 2023, Lebanon marked the resumption of oil and gas exploration in its territorial waters, as a consortium that included Qatar Energy drilled an exploratory well in Block 9.
However, all activities were halted, ostensibly due to the lack of oil or gas. The companies’ cessation of operations coincided with the outbreak of hostilities between Israel and Hezbollah.
Earlier hopes were dashed when gas was not found in Block 4, leaving many Lebanese disappointed.
