TotalEnergies advances offshore Lebanon exploration with Block 8 entry

(WO) – TotalEnergies has signed an settlement with the Lebanese authorities to enter the Block 8 offshore exploration allow, alongside companions Eni and QatarEnergy.

Beneath the phrases of the allow, the consortium plans to accumulate a 1,200-km² 3D seismic survey to additional consider the block’s exploration potential. TotalEnergies will function operator with a 35% curiosity, whereas Eni holds 35% and QatarEnergy 30%.

“Though the drilling of the Qana effectively on Block 9 didn’t give optimistic outcomes, we stay dedicated to pursue our exploration actions in Lebanon,” mentioned Patrick Pouyanné, Chairman and CEO of TotalEnergies. “We’ll now focus our efforts on Block 8, along with our companions Eni and QatarEnergy and in shut cooperation with Lebanese authorities.”