Filling the Gap
Lebanese investors pony up $7.8 million for an onshore survey

When international oil companies refused to fund a new survey of Lebanon’s onshore, private investors stepped in, to the tune of $7.8 million. The survey, being conducted from the air with two specially tweaked planes, will cover 6,000 square kilometers and will offer insights into Lebanon’s onshore oil and gas potential. Data acquisition is currently underway, with fully analyzed and interpreted results expected in the third quarter of 2015.

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