|14 January, 2020

Deadline extended for oil, gas exploration licensing in Lebanon

The date has been moved from Jan. 31, 2020 to April 30, 2020

Image used for illustrative purpose. Petroleum Production platform in offshore in oil industry

Image used for illustrative purpose. Petroleum Production platform in offshore in oil industry

Getty Images/paranyu pithayarungsarit

BEIRUT: Caretaker Energy Minister Nada Boustani Monday extended the deadline for the submission of applications in the second licensing round for oil and gas exploration.

The date has been moved from Jan. 31, 2020 to April 30, 2020, a statement from the ministry said.

It said the Energy Ministry and the Lebanese Petroleum Administration had received requests from international oil firms to extend the deadline to “allow these companies to complete their administrative and technical preparations stipulated in the book of tenders.”

Boustani clarified that this would not affect drilling in Block 4 and that Lebanon was waiting for the return of a drillship named the Tungsten Explorer provided by the U.S.-based contractor Vantage Drilling.

Copyright © 2019, The Daily Star. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Energy