Total-led consortium enters Lebanon with two deepwater E&P contracts

2/9/2018

MILAN and PARIS -- Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, covering Blocks 4 and 9, located in the deep waters offshore Lebanon. The agreements are the result of the first International Competitive Offshore Licensing Round launched by Lebanese Petroleum Authority.

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Source: Total.

The agreements open the way for the exploration of the Offshore of Lebanon and further strengthen the Company’s presence in the Eastern Mediterranean.

The consortium's priority will be to drill a first exploration well on Block 4 in 2019.
 
As for Block 9, Total and its partners are fully aware of the Israeli-Lebanese border dispute in the southern part of the block that covers only very limited area (less than 8% of the block’s surface). Given that, the main prospects are located more than 25km from the disputed area, the consortium confirms that the exploration well on Block 9 will have no interference at all with any fields or prospects located south of the border area.
 
The blocks were awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.

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