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Announcements


  NEW UPDATE  
AWARDS IN BLOCKS 4 AND 9
On December 14, 2017, the Council of Ministers approved the awards of two exclusive petroleum licenses for exploration and production in blocks 4 and 9 for the consortium composed of Total S.A, Eni International BV and JSC Novatek.


LPA NEW PRESIDENT
In-line with the decree 7968, stipulating that the Chairman of the Lebanese Petroleum Administration (LPA) is appointed on a rotational basis among its board members, Mr. Walid Nasr, Head of Strategic Planning Department, took office as Chairman of the Board effective 4 December 2017 for a period of one year.


RIGHT OF ACCESS TO INFORMATION
As per the Right of Access to Information Law (Law no. 28 dated 10/2/2017), any request for information related to the Lebanese Petroleum Administration (LPA) can be directly sent by email to Mr. Gaby Daaboul, Board Member and Head of the Legal Affairs Department at the LPA. Click here to send your request.


PETROLEUM TAX LAW APPROVAL
On the 19th of September 2017, the Lebanese Parliament approved the law on tax provisions related to petroleum activities in accordance with Law 132/2010, which was submitted by the Council of Ministers. As a result, the approval of the Petroleum Tax Law completes the legal framework governing the oil and gas sector in Lebanon allowing pre-qualified companies wishing to participate in the First Offshore Licensing Round to prepare their bids accordingly. Click here for more information.


RENEWAL OF THE OIL FOR DEVELOPMENT PROGRAMME
On the 22nd of June 2017 Norway approved the renewal of the Oil for Development (OfD) three-year Programme in Lebanon, which will run from 2018 until 2020. Read More.


RESULTS OF THE SECOND PREQUALIFICATION ROUND TO PARTICIPATE IN LEBANON’S FIRST OFFSHORE LICENSING ROUND
Pursuant to the Minister of Energy and Water’s Decision no. 1/m dated 26/01/2017 (completion of Lebanon’s First Offshore Licensing Round), and specifically article 3 related to undertaking a prequalification round, and pursuant to the Lebanese Petroleum Administration’s (LPA) Decision related to companies that were prequalified in 2013 Read More.


COMMITMENT TO TRANSPARENCY
The Lebanese Government announced its intention to join the Extractive Industries Transparency Initiative (EITI). Read More.








First Licensing Round Update

Lebanon reached an important milestone on the 12th of October 2017 which was the deadline set for prequalified companies to submit their bids on the open blocks within the country’s first offshore licensing round.

Three companies forming one consortium participated in the current bid round submitted one bid on block 4 and one bid on block 9. These companies are Total S.A, Eni International BV and JSC Novatek.

The evaluation of the technical and commercial offers took place according to the methodology outlined in the tender protocol published in Decree 43/2017.

Click here to download Decree 43: Tender Protocol (TP) and Exploration and Production Agreement (EPA).
Click here to download the Bidding Process presentation.

Upon the results of the evaluation process, the Lebanese Petroleum Administration (LPA) submitted to the Minister of Energy and Water an evaluation report.

On the 29th of November 2017, the Minister of Energy and Water H.E. Cesar Abi Khalil together with the LPA’s board members concluded a three-day technical negotiations process with the consortium formed of Total, Eni and Novatek. On the 12th of October 2017 the consortium had presented two offers on blocks 4 and 9 in Lebanon’s Exclusive Economic Zone. The technical negotiations tackled clarifications on the work programme in the goal to ensure a successful exploration phase while safeguarding Lebanon’s national interests.

The technical negotiations are part of the bids evaluation procedure outlined in the Tender Protocol which follows a quantitative assessment in which the total grade is composed of the commercial mark weighing 70% and is non-negotiable, and the technical mark weighs 30%.

In this regard, the Minister will present the LPA’s bids evaluation report together with the negotiation report and the resulting recommendation to the Council of Ministers for approval so to award Exploration and Production Agreements (EPAs).

The exploration phase will start upon the signature of the EPA and will last up to five years with the possibility of having a one-year extension. The ultimate goal of the exploration phase is to strike a commercial discovery, hence the awarded consortium is committed to implement an exploration programme based on the petroleum industry highest standards and practices.

Click here to download Annex 2 of Decree 43: Exploration and Production Agreement (EPA).


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