Lebanon: QatarEnergy joins TotalEnergies and Eni on two exploration blocks
30 January 2023
TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon.
The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water of Lebanon; His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies; and Mr. Claudio Descalzi, CEO of Eni.
Pursuant to the terms of the agreements, TotalEnergies (operator) and Eni will each retain a 35% interest in the blocks with QatarEnergy holding the remaining 30%.
“We are very pleased to welcome QatarEnergy in our exploration acreage in Lebanon. The recent delineation of Lebanon’s maritime border with Israel has created a new momentum for the exploration of its hydrocarbon potential. Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilized to conduct these operations”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
This new partnership further expands the cooperation between TotalEnergies and QatarEnergy in exploration activities, and brings to nine the number of countries where the two companies have partnerships.
Related
-
Panama’s president rejects new mining contract law to settle Cobre Panamá dispute
25 April 2025
-
Glenfarne to acquire four solar assets with battery storage facilities in Chile
25 April 2025
-
SAR tenders Dammam Industrial City railway connection
25 April 2025
-
Azerbaijan inks three solar agreements with Chinese companies
24 April 2025
-
LONGi eyes solar panel manufacturing project in Algeria
24 April 2025
-
SEC receives Bids for 1,000 MW BESS projects
24 April 2025