On April 26, 2017 the ministry of energy announced the companies that are qualified to submit bids in Lebanon's first offshore oil and gas licensing round, with contracts set to be signed in November. The qualified companies now total 51, including those that were greenlit during the first qualification round back in 2013.
On September 7, the minister of Energy and Water, Cezar Abi Khalil, extends the bidding round from September 15 to October 12.
On October 12th, the Minister of Energy and Water announces the closure of the bidding round. One consortium, composed of TOTAL, ENI, and NOVATEK, submits two separate bids on blocks 4 and 9.
Council of Ministers approves a recommendation from the LPA for preparing Lebanon’s second offshore licensing round
On April 5, 2019 the ministry of energy announced that blocks 1, 2, 5, 8 and 10 are open to receive bids in the Second Offshore Licensing Round.
The set of open blocks was selected based on the priorities and goals of the upstream oil and gas sector and the objectives of the Second Offshore Licensing Round.
On April 3rd, 2020 Minister of Energy and Water Raymond Ghajar announced the extension of the application deadline of the second licensing round from April 30th till the 1st of June due to COVID-19 and lockdown consequences.
On May 31st, 2020 The Ministry of Energy and Water Raymond Ghajar announced in a statement the postponement of the deadline for the submission of applications for its second licensing round citing the coronavirus pandemic and the declining oil prices that prompted exploration companies to decrease their investments and hold off their exploration activities.
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