Lebanon's Oil and Gas - Updates and Discussion [Exploratory Drilling Commences]

Will the Oil exploration be free of corruption

  • Yes

    Votes: 2 7.7%
  • No

    Votes: 15 57.7%
  • Mainly Yes

    Votes: 4 15.4%
  • Mainly No

    Votes: 5 19.2%

  • Total voters
    26
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  • ܐܵܠܘܼܟ̰ܵܐ

    ܐܵܠܘܼܟ̰ܵܐ

    Active Member
    Orange Room Supporter
    خيي وافترضنا معك حق... ومش مؤكدين اذا في نفط او لا... بس عالقليلة التيار عم يشتغل... عم يعمل شي... بدل ما تجو تشجعو وتحطو ايدكن بايد التيار قاعدين عم تشربو متة وتنتقدو... خيي عملولكن شي شغلة..عملولكن شي انجاز.... يعني صرنا حاسين اخر شي انو في ناس بدها انو يطلع ما في نفط بس حتى ما يتسمى انجاز للتيار


    خلصنا بقى يا بدكن تشتغلو يا بس بدكن تنتقدو
    ما بصير
    عال. صرلكن مكمشين في وزارة الطاقة شي خمسعشر سني و متل قلتكن. عطوها لغيركن حتى ينجز. شو رأيك؟
    يا عيني بدكن تستلمو كل ملفات البلد بعدان تسمعونا "على القليلة عم نعمل شي". شو هل الشحادة. حلو عن لبنان بصير أحسن بكتير.
     
    Orangina

    Orangina

    Legendary Member
    عال. صرلكن مكمشين في وزارة الطاقة شي خمسعشر سني و متل قلتكن. عطوها لغيركن حتى ينجز. شو رأيك؟
    يا عيني بدكن تستلمو كل ملفات البلد بعدان تسمعونا "على القليلة عم نعمل شي". شو هل الشحادة. حلو عن لبنان بصير أحسن بكتير.
    ايه مظبوط

    بكرا منعطيها لوليد جنبلاط ومنشوف انجازاتو

    متل انجازات اكرم شهيب بوزارة التربية
     
    ܐܵܠܘܼܟ̰ܵܐ

    ܐܵܠܘܼܟ̰ܵܐ

    Active Member
    Orange Room Supporter
    ايه مظبوط

    بكرا منعطيها لوليد جنبلاط ومنشوف انجازاتو

    متل انجازات اكرم شهيب بوزارة التربية
    في شخص من عندكن في التيار جاب الكهربا في البقاع ٢٤ على ٢٤. رجعتو صرتو بدكن تفوتو بوسخكن فتركن و كسر الجرة على روسكن. هيدا بشوفو أنسب في وزارة الكهربا. إنتو خرجكن تحوشو قرص عني بل كتير.
     
    Raficoo

    Raficoo

    Well-Known Member
    No gas exploration results for Block 4 before four months: source



    BEIRUT: Lebanon needs three to four months to determine whether there are commercially viable quantities of gas in offshore Block 4, a source close to the Lebanese Petroleum Administration said Thursday.
    “It will take 40 to 50 days to complete hydrocarbon drilling on one prospect of Block 4. This is the entire size of block, which [covers an area] of 1,800 kilometers. The size of the potential area the Tungsten Explorer vessel is working on ranges between 50 kilometers to 60 kilometers only. Once the exploration is completed on this zone the data will be sent for assessment to determine whether there are commercial quantities of gas and this will take another two to three months,” the source told The Daily Star.
    The Tungsten Explorer drilling vessel Thursday conducted its first exploratory drilling for hydrocarbons in offshore Block 4.
    In January 2018 two Exploration and Production Agreements (EPAs) for blocks 4 and 9 were signed between Lebanon and the consortium composed of the French company Total E&P Liban s.a.l. (Right Holder Operator), Italian firm Eni Lebanon B.V. and Russian company Novatek Lebanon (Right Holders Non-Operators).
    Lebanon is pinning high hopes on discovering substantial quantities of gas in the 10 offshore blocks to restore confidence in the country, which currently reeling under severe economic recession and high public debt.
    “When we reach the total depth of the reservoir we would have gone through all the geological layers. Once we complete the tests and take the data from inside the well we will be able to find out whether we have hydrocarbon,” the source explained.
    The operating company will seal the well once the exploration is completed in order to evaluate the physical findings and economic value.
    If Total and the rest of the companies confirm that the findings are commercially viable, Lebanon will ask the firms to complete gas exploration on the rest of Block 4.
    Should the exploration lead to positive results, the oil companies will start development or production.
    But Lebanon needs five to seven years to develop the offshore gas wells and to draw a strategy for export to other countries.

    The source said Lebanon would start gas exploration on Block 9 in December 2020 or January 2021.
    “Today is a happy day for us and for all Lebanese, and we hope the dream we’ve all imagined is realized,” President Michael Aoun said via a statement released by his media office.
    Aoun thanked the three companies leading the operation for their work – Total, Eni and Novatek.
    Prime Minister Hassan Diab and Energy Minister Raymond Ghajar were also with the president, the state-run National News Agency reported.
    “From darkness we open today a great skylight that expands the circle of hope that Lebanon can go beyond the acute economic crisis that is tightening the noose on the financial and social reality of the Lebanese,” Diab said in a statement released by Aoun's media office.
     
    Dark Angel

    Dark Angel

    Legendary Member
    No gas exploration results for Block 4 before four months: source



    BEIRUT: Lebanon needs three to four months to determine whether there are commercially viable quantities of gas in offshore Block 4, a source close to the Lebanese Petroleum Administration said Thursday.
    “It will take 40 to 50 days to complete hydrocarbon drilling on one prospect of Block 4. This is the entire size of block, which [covers an area] of 1,800 kilometers. The size of the potential area the Tungsten Explorer vessel is working on ranges between 50 kilometers to 60 kilometers only. Once the exploration is completed on this zone the data will be sent for assessment to determine whether there are commercial quantities of gas and this will take another two to three months,” the source told The Daily Star.
    The Tungsten Explorer drilling vessel Thursday conducted its first exploratory drilling for hydrocarbons in offshore Block 4.
    In January 2018 two Exploration and Production Agreements (EPAs) for blocks 4 and 9 were signed between Lebanon and the consortium composed of the French company Total E&P Liban s.a.l. (Right Holder Operator), Italian firm Eni Lebanon B.V. and Russian company Novatek Lebanon (Right Holders Non-Operators).
    Lebanon is pinning high hopes on discovering substantial quantities of gas in the 10 offshore blocks to restore confidence in the country, which currently reeling under severe economic recession and high public debt.
    “When we reach the total depth of the reservoir we would have gone through all the geological layers. Once we complete the tests and take the data from inside the well we will be able to find out whether we have hydrocarbon,” the source explained.
    The operating company will seal the well once the exploration is completed in order to evaluate the physical findings and economic value.
    If Total and the rest of the companies confirm that the findings are commercially viable, Lebanon will ask the firms to complete gas exploration on the rest of Block 4.
    Should the exploration lead to positive results, the oil companies will start development or production.
    But Lebanon needs five to seven years to develop the offshore gas wells and to draw a strategy for export to other countries.

    The source said Lebanon would start gas exploration on Block 9 in December 2020 or January 2021.
    “Today is a happy day for us and for all Lebanese, and we hope the dream we’ve all imagined is realized,” President Michael Aoun said via a statement released by his media office.
    Aoun thanked the three companies leading the operation for their work – Total, Eni and Novatek.
    Prime Minister Hassan Diab and Energy Minister Raymond Ghajar were also with the president, the state-run National News Agency reported.
    “From darkness we open today a great skylight that expands the circle of hope that Lebanon can go beyond the acute economic crisis that is tightening the noose on the financial and social reality of the Lebanese,” Diab said in a statement released by Aoun's media office.
    it is true, it takes a minimum of almost 4 years to go from proven commercially proven reserves to foreign exports, however given our situation in Lebanon, we stand to reap the benefits at an earlier stage simply by providing gas to our power plants, and that could offset the production costs by close to two billion dollars yearly.

    but more importantly, the proven reserves will be counted as a national reserves, not much different from the gold reserves, which would help offset the size of the debt relatively to our national net worth, and that means a better rating for Lebanon shortly after announcing the discoveries and the proven size.
     
    Lebmonage

    Lebmonage

    Legendary Member
    عال. صرلكن مكمشين في وزارة الطاقة شي خمسعشر سني و متل قلتكن. عطوها لغيركن حتى ينجز. شو رأيك؟
    يا عيني بدكن تستلمو كل ملفات البلد بعدان تسمعونا "على القليلة عم نعمل شي". شو هل الشحادة. حلو عن لبنان بصير أحسن بكتير.
    Kif elak 3ayn t2ol la lubneniyyeh mithlak y7ello 3an Lubnan? Lesh Lubnan melek bayyak?

    I can understand the DruS frustration with the discovery of oil and gas offshore. You do not have areas close to the sea. So no say for Jumblatt in this. No way to blackmail other Lebanese.
     
    My Moria Moon

    My Moria Moon

    Legendary Member
    Orange Room Supporter
    Wonder where the oil refineries will be built.. Akh ya allah, what a beautiful sight will they be 🤑, every hashich smoker-for-medical-purposes wet dream 🥴
     
    My Moria Moon

    My Moria Moon

    Legendary Member
    Orange Room Supporter
    Guys. I just got this insight..

    Very Good results about the oil... something that may give tremendous results... its good... Mabrouk guys....
    We will have quick and fruitful results...
    Oil? Or Gas? Or do we have both? Nshallah ya rabb.. w also diamonds, emeralds and gold, Allah kareem w ne7na mnestehal, at least maybe 🙄
     
    Dr. Strangelove

    Dr. Strangelove

    Nuclear War Expert
    Staff member
    it is true, it takes a minimum of almost 4 years to go from proven commercially proven reserves to foreign exports, however given our situation in Lebanon, we stand to reap the benefits at an earlier stage simply by providing gas to our power plants, and that could offset the production costs by close to two billion dollars yearly.

    but more importantly, the proven reserves will be counted as a national reserves, not much different from the gold reserves, which would help offset the size of the debt relatively to our national net worth, and that means a better rating for Lebanon shortly after announcing the discoveries and the proven size.
    Also, the discovery of gas would contribute massively in returning a bit of international confidence in the Lebanese economy and market. Setting up the infrastructure would create jobs and inject money. It's not just about direct revenue from gas.
     
    Dr. Strangelove

    Dr. Strangelove

    Nuclear War Expert
    Staff member
    رئيس هيئة إدارة قطاع البترول: بدأنا العمل عام 2013 واطلقنا الدورة الاولى للتراخيص ثم اعددنا القوانين اللازمة الا اننا لم نستطع ان نلزّم الا في اول جلسة للحكومة في عهد الرئيس عون
    Tayyar.org
     
    ܐܵܠܘܼܟ̰ܵܐ

    ܐܵܠܘܼܟ̰ܵܐ

    Active Member
    Orange Room Supporter
    Kif elak 3ayn t2ol la lubneniyyeh mithlak y7ello 3an Lubnan? Lesh Lubnan melek bayyak?

    I can understand the DruS frustration with the discovery of oil and gas offshore. You do not have areas close to the sea. So no say for Jumblatt in this. No way to blackmail other Lebanese.
    Joumblatt already has a whole block and will get 10x richer thanks to this. But not you or I.
     
    mike89

    mike89

    Active Member
    Orange Room Supporter
    I understand the risk taken, in case the oil and gas business gets to the corruption level seen in other places. But what is the alternative? Stop all projects and wait until we are certified corruption free?

    How about doing both? Push for the projects and in parallel push for transparency
     
    Joe tayyar

    Joe tayyar

    Legendary Member
    Orange Room Supporter
    I understand the risk taken, in case the oil and gas business gets to the corruption level seen in other places. But what is the alternative? Stop all projects and wait until we are certified corruption free?

    How about doing both? Push for the projects and in parallel push for transparency
    My inside info tells me that there is 0 corruption in the oil and gas file!
     
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