A-Energy Corporation / Media center / Drilling of wells at the Lebanese offshore Block 9 will begin in the third quarter

Drilling of wells at the Lebanese offshore Block 9 will begin in the third quarter

Go to Media center Drilling of wells at the Lebanese offshore Block 9 will begin in the third quarter
30 January 2023

QatarEnergy, TotalEnergies and Eni signed a trilateral agreement.

TotalEnergies has signed a trilateral consortium agreement with QatarEnergy and Eni on oil and gas exploration at two offshore blocks off the coast of Lebanon, known as Blocks 4 and 9.

After several months of negotiations, QatarEnergy acquired a 30% stake in the consortium, leaving TotalEnergies and Eni with 35% each.

TotalEnergies CEO Patrick Pouyanne and Qatar’s Energy Minister Saad Al-Kaabi, also CEO of QatarEnergy, said they were also discussing possible coordination in the field of renewable energy in Lebanon.

TotalEnergies aims to start work on the Lebanese offshore Block 9 as soon as possible, with geological assessment starting early next month and well drilling starting in the third quarter of 2023, its CEO Patrick Pouyanne said on Sunday at a joint press conference in Beirut after signing a trilateral agreement, Reuters reports.