First Licensing Round UpdateOn the 4th of January 2017, the Lebanese Council of Ministers approved two decrees that are crucial to the completion of the first licensing round for Lebanon.The first decree divides the Lebanese Exclusive Economic Zone into ten blocks and delimits their coordinates. The second decree presents the Tender Protocol (TP) that defines the conditions for participating in the bid round and the criteria used in the bids evaluation, and the model Exploration and Production Agreement (EPA) that will be signed between the State and the winning consortium.
Licensing Round Documentation
New Pre-Qualification Round
The opening date for submission of documents is the 2nd of February 2017. The closing date of the submission is the 31st of March 2017.
The Minister of Energy and Water declared on the 26th of January 2017 that blocks 1, 4, 8, 9 and 10 will be open for bidding during the first offshore licensing round in Lebanon.