Lebanon Delays Gas Exploration Bid Deadline to January

Source: Reuters 10/7/2013, Location: Middle East

Lebanon's Energy Ministry has delayed its offshore gas licensing round by a month until January after politicians failed to form a new government which could approve decrees needed to launch the bidding process.

The ministry said Energy Minister Gebran Bassil had put back the auction date for exploration blocs to January 10, 2014.

Bassil also wrote to President Michel Suleiman and caretaker Prime Minister Najib Mikati requesting a special cabinet meeting to approve the proposed exploration blocs and the exploration and production contracts, the ministry said in a statement.

Without approval of those documents Lebanon's efforts to exploit maritime reserves which Bassil has estimated at over 30 trillion cubic feet are on hold.

Since Mikati resigned in March his designated successor, Tammam Salam, has sought unsuccessfully to form a new government, leaving the country run by a caretaker administration with limited powers, unable to press on with the gas project.

Lebanon selected 46 companies in April to bid for gas exploration, 12 of them as operators and 34 as non-operators.


United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...
Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...

Ireland >>  7/29/2022 - Europa Oil & Gas, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, has announced that the ...
United Arab Emirates >>  7/29/2022 - Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offsho...

Gambia >>  7/28/2022 - FAR Limited an independent, Africa focused, oil & gas exploration company, provides its quarterly activities report for the quarter ended 30 June 2022...
Norway >>  7/27/2022 - Neptune Energy today announced drilling has commenced on the Ofelia exploration well in the Norwegian sector of the North Sea.

The well,...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.