Onshore Oil Survey Suspended Over Delay of Licensing Round
on 11/25/2014

All 2-D seismic onshore surveys for gas and oil in Lebanon have been halted until the government launches the licensing round for oil and gas exploration off the country’s coast, insiders said Monday.

Before companies can bid for the rights to drill for offshore oil or gas, the government must set the number of blocks for auction and establish a revenue mechanism, two steps that have been delayed several times.

Continue Reading 

Leave a Comment