The two- and three-dimensional seismic surveys implemented on Blocks 4 and 9 of Lebanon’s territorial waters show promising oil and gas discovery potential, said Lebanese Energy and Water Minister Walid Fayyad on Monday.
“We have sensed a positive atmosphere promising the presence of commercial quantities of gas in Blocks 4 and 9, according to partners with Lebanon in oil and gas exploration, including French energy giant TotalEnergies, Italian energy giant Eni, and Qatar Energy,” Fayyad said.
The minister said the drilling in the two blocks will begin in the first half of August and continue for 90 to 100 days.
After a long delay caused by the US socioeconomic siege, Lebanon, thanks to the Resistance military threats to the Zionist enemy and the official measures, managed to demarcate its southern maritime borders and force firms to start the long journey of investing the natural resources.
Source: Websites
