Republic of Lebanon
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The consortium prepared the Exploration Plans for Block 4 and 9 stipulating that the consortium will undertake detailed geological and geophysical studies in order to identify the optimal location of the first well.
In that regard, the consortium conducted reprocessed the already acquired geological data to better visualize the seismic surveys, to reduce the risk associated with drilling and to identify the location of the first well. Additionally, the reprocessing allowed the consortium to prepare preliminary evaluation of the volumes of resources that might be available in the targeted prospects.
The studies performed constituted a major milestone in increasing the geological understanding and maturing the identified prospects before the drilling phase.
