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Lebanon’s First Offshore License Round Open – 2 May 2013

It is with great pleasure that I welcome the pre-qualified oil and gas companies to participate in Lebanon’s First Offshore Licensing Round. On the dawn of this new era in the history of Lebanon, we look forward to join forces with the oil and gas industry to ensure mutual success.

The oil and gas resources in Lebanon present both an opportunity and a responsibility. An opportunity for economic and social development of our nation, and a responsibility to protect the rights of future generations.

We strive to work with you on creating long term partnerships and models of cooperation, that integrates your commercial benefits with our national vision and interests.

The Lebanese State has achieved a lot in a short period of time. From enacting the Offshore Petroleum Resources law and issuing all related regulations and decrees, to surveying our land and water and appointing the Petroleum Administration whose efforts and efficiency in meeting their set milestones has made this day possible.

Last but not least, I assure you of the commitment of the Lebanese State in providing its full support and exerting all necessary efforts in ensuring a successful, transparent and efficient process all the way to production.

Gebran Bassil
Minister of Energy and Water

Lebanon First Offshore Licensing Round Timetable

Below is the estimated timeframe of the licensing round starting from its official public announcement date:
Submission of Applications Up to 6 months
Bid EvaluationUp to 2 months after the submission of applications
AwardUp to 4 months after the bid evaluation

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