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4
WHEN ARE WE GOING TO BENEFIT?
Previous
Licensing
one year
Exploration
4 to 6 years
Appraisal
1 to 2 years
Development
1 to 3 years
Production
10 to 30 years
Decommissioning
Once oil and gas reservoirs are depleted
and installations reach the end of their economic lives,
offshore installations
are decommissioned and dismantled
In conclusion, it will take at least 7 years to start producing oil and gas, assuming the required decrees are passed today.
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BASICS
about Oil and Gas in Lebanon
1 .
Does Lebanon have Oil and Gas?
2 .
How Much?
3 .
What has Lebanon done so far?
4 .
When are we going to benefit?
5 .
Who makes the decisions?
6 .
What are our neighbors doing?
7 .
What happens when a country becomes oil rich?
8 .
How can we prevent corruption in the oil and gas industry?