03 What has Lebanon done so far?
Timeline for Oil and Gas in Lebanon and the region
2001
Private Company to Advise Lebanon on Exploration
Lebanon’s Higher Council for Privatization commissions UK ATenergy to advise on developing exploration licensing.
Licensing
Dec 2012
Lebanon Announces First Offshore Licensing Round
Lebanon’s first offshore oil and gas licensing round approved.
Licensing
Feb 2013
Lebanon Launches First Offshore Licensing Round
Pre-qualification phase commences. In March, the prequalification round closes with 46 companies eligible to bid in Lebanon’s first licensing round.
Licensing
Aug 2014
Lebanon Postpones Licensing Round Indefinitely
After several postponements the MoEW announces a new deadline for the first licensing round to be 6 months after the government passes necessary decrees.
Licensing
April 2017
Ministry of Energy announces eligible companies for first offshore oil and gas licensing

On April 26, 2017 the ministry of energy announced the companies that are qualified to submit bids in Lebanon's first offshore oil and gas licensing round, with contracts set to be signed in November. The qualified companies now total 51, including those that were greenlit during the first qualification round back in 2013.

Licensing
Oct 2017
Closure of first bidding round for oil and gas exploration

On October 12th, the Minister of Energy and Water announces the closure of the bidding round. One consortium, composed of TOTAL, ENI, and NOVATEK, submits two separate bids on blocks 4 and 9. 

Licensing
May 2018
Preparation for Lebanon’s second offshore licensing round

Council of Ministers approves a recommendation from the LPA for preparing Lebanon’s second offshore licensing round

Licensing
April 2019
Declaring Second Offshore Licensing Round for blocks 1, 2, 5, 8, 10.

On April 5, 2019 the ministry of energy announced that blocks 1, 2, 5, 8 and 10 are open to receive bids in the Second Offshore Licensing Round. 

The set of open blocks was selected based on the priorities and goals of the upstream oil and gas sector and the objectives of the Second Offshore Licensing Round. 

 

Licensing
BASICS about Oil and Gas in Lebanon