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Announcements


  NEW UPDATE  
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.


DEADLINE EXTENSION OF APPLICATIONS' SUBMISSION
Based on the recommendation of the Lebanese Petroleum Administration, His Excellency the Minister of Energy and Water has issued the Decision no. 9/m dated 7 September 2017 extending the applications submission deadline from 15 September 2017 to 12 October 2017. Click here to download the Minister's decision.


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 will take place as of the 13th of October 2017 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) will submit to the Minister of Energy and Water an evaluation report no later than the 13th of November 2017.

Accordingly, the Minister will submit the results of the full evaluation process to the Council of Ministers to take the final decision with respect to awarding blocks and signing the Exploration and Production Agreement(s) (EPA) with the winning consortium. The EPA follows a preset model issued in Annex 2 of Decree 43/2017.

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

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.


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