Lebanon opened four offshore Blocks (No. 1, 5, 8 and 9) for bidding for the second Licensing Round.
According to the Offshore Petroleum Resources Law, companies willing to participate in the tendering process must be prequalified as either operators or non-operators. The prequalification requirements will be announced in due time and will cover legal, technical, commercial, quality, health, safety and environment aspects. A tentative four months duration will be reserved for interested companies to submit their prequalification applications.
Prequalified companies interested to participate in the licensing round are required to form consortia composed of at least three companies, one of them at least prequalified as operator.
All details can be found on the Lebanese Petroleum Administration (LPA) website: www.lpa.gov.lb