Total, Eni and Novatek Consortium continues its exploration activities in Lebanon

Ghajar: Consortium of companies continues its oil activities in Lebanon

Caretaker Minister of Energy and Water, Raymond Ghajar, said in a statement that the consortium of companies made up of Total, Eni and Novatek, is continuing its exploration activities in Lebanon under the leadership of the operating company, Total, particularly in the implementation of the amended law 160/2020 (suspension of deadlines), with the first exploration period, originally for three years ending in May 2021, being extended for offshore Blocks 4 and 9 until August 13, 2022.

Ghajar recalled that with the start of 2021, the repercussions of the coronavirus pandemic continue on the oil industry, forcing international oil companies to reduce exploration activities in most countries of the world.

He added that the consortium has presented the work programs and budgets for Blocks 4 and 9 for the year 2021, which include studies and data analysis to complete the activities in Block 4 in which an exploration well has been drilled, and to drill the first exploration well in block 9, bearing in mind that the Beirut Port explosion of August 4 has impacted the logistical base of oil activities in Lebanese waters.

“The Ministry of Energy and Water and the Petroleum Administration are following-up with the companies’ consortium on the implementation of the work programs for the two blocks,” Ghajar concluded.