The Lebanese Petroleum Administration (LPA) invites international oil and gas companies to a consultation workshop on February 23 to introduce Lebanon’s first licensing round.
The Ministry of Energy and LPA will present the recently adopted roadmap and an overview of the legal and fiscal regime governing the tender and the sector in general, including the licensing procedure, evaluation and award, the model EPA and taxes applicable to petroleum activities etc. The organizers will present Lebanon’s offshore geological features, and surveyors PGS, Spectrum and Neos, will be presenting available geological data.
In addition to presenting the country’s first offshore licensing round, the event is an opportunity to assess international companies’ interest not only for the Eastern Mediterranean, but also for being involved in Lebanon.
Note that the pre-qualification round is open until March 31, 2017. Companies that pre-qualified back in 2013 are still qualified, provided they still meet the criteria set out in Decree no. 9882/2013. A company that pre-qualified as non-operator in 2013 but wishes to upgrade its status to operator can do so by presenting the relevant documents listed in annexes 3 and 4 of the pre-qualification decree.
We take this opportunity to list our previous notes and articles related to Lebanon’s nascent oil and gas sector: