Lebanon upstream summary Report

Country Report 31 July 2024

Get this report*

$4,080

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Third licensing round. The Lebanese Petroleum Administration (LPA) has initiated its third oil and gas exploration licensing round, offering nine offshore blocks. The closing date for the bids was extended from 3 July 2024 to 17 March 2025. The extended deadline will provide adequate time to closely monitor the rapid regional and international developments and devise strategies to enhance the attractiveness of the business environment for companies. Blocks 1-10 were on offer, with the ...

Executive summary
Key facts
Location maps
Geology
- Basin setting
  - Petroleum System
Exploration
- Licensing
  - Onshore
  - Offshore
  - 2010 to 2013
  - 2013 bid round
  - 2017 bid round
  - 2019 bid round
  - 2024 bid round
  - Drilling
Reserves and resources
Production
- Oil/liquids
- Gas
Infrastructure
- Oil infrastructure
  - Kirkuk-Tripoli Pipeline
  - Tapline
  - Refining
- Gas infrastructure
  - Gas processing
  - LNG
Policy and regulation
- Key legislation
Fiscal terms
- Current fiscal terms
  - Bonuses, rentals and fees
  - Royalty
  - Cost recovery
  - Profit sharing
  - Corporate income tax
  - Indirect taxes
  - Fiscal treatment of decommissioning