Petroleum Geo Services : Lebanon’s 2nd Offshore Licence Round

In 2018, the Council of Ministers approved the recommendation of the LPA to prepare for Lebanon's second offshore licensing round. This is scheduled for official launch in January 2019.

The licensing round will extend over twelve months, leading up to the award of exclusive petroleum rights to explore and develop new hydrocarbon resources offshore Lebanon.

Tentative LPA Timeline

Launch and announcement of open blocks	January 2019
Submission of prequalification applications	January 2019 - End of April 2019
Declaration of prequalification results	May 2019
Submission of bids	May 2019 - End of October 2019
Evaluation of bids and Council of Ministers approval	November 2019
Award of exclusive petroleum rights (EPA)	December 2019

Exploration Opportunity

Following the success of the first license round in 2017, Lebanon again presents a tremendous opportunity with frontier acreage already covered by modern 2D and 3D seismic data. The acreage comes with the reassurance of proven hydrocarbon plays and recent discoveries in the vicinity.

PGS has supported exploration efforts offshore Lebanon since 2006 with multiple 2D and 3D surveys. As an official data provider for the 2^nd Lebanon Offshore Licensing Round, PGS' high-quality datasets will help you to unlock the petroleum system and evaluate potential prospects in the Levantine Basin.

• PSDM MegaSurvey: over 10 000 sq. km of matched, fully-migrated, and merged 3D seismic
• 8 800 line km of 2D GeoStreamer seismic (acquired 2009 and 2011) tying to the 3D surveys

PGS MultiClient data library offshore Lebanon

A number of prospective features have been identified on PSDM MegaSurvey

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