Lebanon’s search for its first oil and gas reserves began after authorities approved an exploration plan submitted by a consortium of Total, Eni, and Russia’s Novatek. Lebanon hopes to launch a second offshore licensing round by the end of 2018 or early 2019. In February, Lebanon signed its first offshore oil and gas exploration and production agreements with the Total-Eni-Novatek consortium for offshore Blocks 4 and 9. Part of Block 9 contains waters disputed with neighboring Israel, but the consortium has said it has no plans to drill in the disputed area. Exploration of the two blocks could last up to 3 years and the first well is expected to be drilled in 2019.
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