French Energy Giant Total To Install Oil Drilling Platform In Lebanon In 2023
Date
10/18/2022 9:22:07 PM
(MENAFN- Trend News Agency) French energy giant Total will install a drilling platform for
oil and gas exploration in Lebanon in 2023, a delegation from the
company said on Tuesday, reports citing .
'The company will install the drilling platform in 2023 based on
the texts of the agreement with the Lebanese Petroleum
Administration,' a statement issued by the Lebanese Presidency
quoted members of the delegation as saying during their meeting
with Lebanese President Michel Aoun.
The meeting followed last week's announcement by Israel and
Lebanon that they had reached a U.S.-brokered agreement over a
disputed zone in the eastern Mediterranean Sea, where natural gas
fields are located. Total is given exploration rights to the Qana
gas field under the agreement.
During Tuesday's meeting, members of the Total delegation
informed Aoun about the preparations to start excavation in block 9
in the exclusive economic zone. Total has already started
exploration in block 4 more than two years ago.
For his part, President Aoun said he hoped excavation in block 9
could start as soon as possible to make up for the time lost during
indirect negotiations to demarcate the maritime border.
On Oct. 13, Aoun announced Lebanon's approval of the final
version of the agreement proposed by the U.S. Energy Envoy Amos
Hochstein.
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