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ROAD MAP


The road map for Lebanon’s first offshore licensing round extends over a period of ten months starting in February 2017 and ending in November 2017.

The road map includes several milestones that will pave the way to the award of Exploration and Production Agreements (EPAs) to start exploration and production activities in the designated offshore blocks.

The Road Map includes a new pre-qualification round that extends from 2 February to 31 March 2017, and the results will be published on 13 April 2017. The existing pre-qualified companies are still eligible to participate in the Licensing Round provided that they still hold the pre-qualification credentials.

The submission of bids by the pre-qualified companies is set on 15 September 2017 (extended to 12 October 2017).

Oil and Gas companies are invited to participate in a consultation workshop that will take place in Lebanon on 23 February 2017.

Additionally, companies will have the opportunity to raise questions addressing the prequalification and bid round processes up till 15 August 2017. The related questions and answers will subsequently be made publicly available.

The LPA will undertake the evaluation process of the bids within a period of one month to end on 16 October 2017.

Consequently the Council of Ministers will make a decision as to the award Exploration and Production contracts to the winning consortiums.



                                                                                                         EVENT
       DEADLINE
Inviting oil and gas companies to participate in a consultation workshop in Lebanon  
23 February 2017

Launching a marketing campaign to promote the first licensing round


 

2 February 2017 to 31 March 2017

Inviting oil and gas companies to participate in a pre-qualification round  
Issuing the tax law related to the petroleum activities by the parliament  
Answering questions received from the oil and gas companies and publishing the clarifications on the LPA website  
Receiving bids from pre-qualified companies on the blocks open for bidding  
15 September 2017 (extended to 12 October 2017)
Publishing the list of applicants per block  
22 September 2017 (extended to 16 October 2017)

Preparing an evaluation report per block by the Lebanese Petroleum Administration


 

Council of Ministers decision to approve awards and signature of EPAs with the awarded companies  
LPA to follow up on the contracts awarded and the commencement of the exploration phase  




























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