About the Symposium
Building on the success of the 2018 SPE Workshop: Lebanon Offshore Oil and Gas Exploration and Development, the 2020 symposium takes place at an advantageous time, with upcoming drilling in Blocks 4 and 9 (Q4 2019 and Q1 2020) and already announced second Licensing Round for exploration offshore Lebanon and major regional discoveries.
In January 2017, the Lebanese Council of Ministers (CoM) approved two decrees needed for the completion of the first licensing round for Lebanon. The first decree divided the Lebanese Exclusive Economic Zone into ten blocks. The second decree presented the Tender Protocol that defines the conditions for participating in the bid round, the criteria used in the bids evaluation, and the model Exploration and Production Agreement that will be signed between the State and the winning consortia. Shortly after the decrees approval, a first licensing round started and five out of the ten offshore blocks were open for bidding. Prequalified companies, after two prequalification rounds, were invited to submit their bids on the open blocks by 15 September 2017. On 14 December 2017, the CoM approved the awarding of Blocks 4 and 9 to the consortium Total-Eni-Novatek. The first well is expected to be drilled in 2019.
On 17 March 2018, the CoM approved the preparation for the second round. On 4 April 2019, Lebanon’s Minister of Water and Energy, Nada Boustani announced that the CoM approved the launch of the country's second licensing round for offshore Blocks 1, 2, 5, 8, and 10. Accordingly, the interested parties are invited to submit their applications before 31 January 2020. Provisional block winners are expected to be announced in April 2020.
With a uniquely compelling timing, the symposium will discuss the different phases and challenges related to exploration and development options in deep and ultra-deep water with a focus on exploration and early development phases. Attendees will develop their knowledge in the subject through exchanging ideas and learning from other experts from different companies with experience in the Lebanese data or regional analogues. Results of the first well drilling and evaluation might possibly be known by then. In such a case, special focus will be given to this major milestone.