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Lebanon Extends Deadline for Licensing Due to COVID-19

Source: www.gulfoilandgas.com 4/3/2020, Location: Middle East

The Lebanese Petroleum Administration (LPA) has announced a postponement of the closing date for its ongoing second offshore exploration licensing round in response to the spread of COVID-19 worldwide. The new deadline is 1 June 2020.

His Excellency the Minister of Energy and Water for Lebanon, Raymond Ghajar issued the following statement:

Given the implications of the spread of Coronavirus (COVID-19) worldwide, the Council of Ministers' announcement of public mobilization in Lebanon, and the resulting impacts on the course of the Second Offshore Licensing Round on deadlines given to International Oil Companies to undertake preparations to submit Licensing Round Applications; the Minister of Energy and Water issued a decision to postpone the deadline to submit applications to participate in Lebanon's Second Offshore Licensing Round from the 30th of April 2020 to the 1st of June 2020. The decision will be published in the Official Gazette and on the LPA website.

Lebanonís Council of Ministers approved the launch of the second offshore licensing round, of which PGS is an official data provider, in April 2019. Acreage offshore Lebanon comes with the reassurance of proven hydrocarbon plays and recent discoveries in the vicinity.

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