ECOND OFFSHORE LICENSING ROUND
The Minister of Energy and Water is pleased to announce that on the 4th of April 2019, the Lebanese Council of Ministers approved an updated Tender Protocol for the prequalification of oil and gas companies and for the award of Exploration and Production Agreements, including the updated Model Exploration and Production Agreement for Lebanon’s Second Offshore Licensing Round.
Companies interested in participating in the Second Offshore Licensing Round are invited to form consortiums composed of at least three companies each and submit their Licensing Round Applications on the open blocks (Blocks 1, 2, 5, 8 and 10) before the 31st of January 2020.
The existing legal and regulatory framework including the new Model Exploration and Production Agreement specifies the provisions governing the relation between the potential right-holders and the State. Subject to CoM approval, the Minister of Energy and Water will sign EPAs with the winning consortiums.