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  • Lebanon Officially Confirms 2nd Offshore License Round
    édité le 08/04/2019 - Plus de news de "Spectrum" - Voir la fiche entreprise de "Spectrum"


Lebanon Officially Confirms 2nd Offshore License Round
The Lebanese government has approved the opening of the country’s much-anticipated 2nd offshore licensing round. Interested companies will be expected to submit their bids by 31 January 2020.

The Lebanese Petroleum Administration (LPA) detailed a total of five offshore blocks to be offered in the 2nd round – Blocks 1,2, 5, 8 and 10. They indicated that tenders will not be preceded by a separate pre-qualification process, as was the case in the 1st round, in order to streamline the process and allow oil companies additional time for evaluation. Provisional block winners are expected to be announced during April 2020.

The legal framework for the second round has largely remained unchanged from the first but pre-qualification criteria have been slightly loosened to encourage greater participation.

Following the prominent Zohr discovery, which opened up a different play type to those of the Leviathan and Aphrodite discoveries, much of the eastern Mediterranean has seen a renewed focus of exploration activity. With this increased level of interest, Lebanon’s 2nd offshore licensing round provides a timely opportunity to gain access to favourable acreage in this emerging region.

ExxonMobil, along with partners Qatar Petroleum, recently announced a multi-TCF discovery of gas in the Glaucus-1 well offshore Cyprus. The well encountered a gas-bearing reservoir of ~133 metres with in-place resources estimated to be 3-5 TCF. This discovery brings the total announced gas reserves in the region up to 70 TCF.

Spectrum has acquired and interpreted over 5,000 km2 of modern Multi-Client 3D data offshore Lebanon, covering 3 of the 4 blocks anticipated to be included in the 2nd licensing round. Through this data, Spectrum has shown that the Early Miocene reservoir indicates a string of three-way dip closed and one-way fault closed structures that range in size from 20 to 50 km2, capped by thick Late Miocene mudstones. These are similar in size to the Tamar structure (9 TCF) to the south but less highly faulted.

About Spectrum

Spectrum provides innovative Multi-Client seismic surveys and high-quality seismic imaging services to the global oil and gas industry from offices in Norway, the UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce.
Spectrum holds the world’s largest library of Multi-Client 2D marine seismic data and a significant amount of 3D seismic. The company’s strategy focuses on both the major, established hydrocarbon-producing regions of the world as well as key frontier areas identified by our experienced team of geoscientists. The Spectrum library of Multi-Client data contains projects from many of the foremost oil producing regions of the world. These include new acquisition, reprocessing and interpretation reports.


Origine : Communiqué Spectrum

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