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NOVATEK Signs Exploration and Production Agreements in Lebanon

Source: www.gulfoilandgas.com 2/9/2018, Location: Middle East

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PAO NOVATEK (NOVATEK), Total and Eni signed exploration and production agreements (Agreements) with the Government of Lebanon to explore and produce hydrocarbons on the offshore blocks 4 and 9 in the Eastern part of the Mediterranean Sea.

NOVATEK’s participating interest in the Agreements is 20%, Total and Eni both hold 40% stakes, with Total appointed as the Operator.

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