Sunday, 29 January 2023

TotalEnergies says well drilling in Lebanon's offshore Block 9 to begin in Q3 | Reuters

TotalEnergies says well drilling in Lebanon's offshore Block 9 to begin in Q3 | Reuters


TotalEnergies (TTEF.PA) is keen to start work on Lebanon's offshore Block 9 "as soon as possible", with assessments to begin early next month and well-drilling to launch in the third quarter of 2023, its CEO Patrick Pouyanne said on Sunday.

Pouyanne was speaking in a joint news conference in Beirut after signing a three-way consortium deal with QatarEnergy and Eni (ENI.MI) to explore oil and gas in two maritime blocks off the coast of Lebanon known as Blocks 4 and 9.

Following months of talks, QatarEnergy has taken a 30% stake in the consortium, leaving TotalEnergies and Eni with 35% each.

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