Country report
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12 Pages

Lebanon upstream summary

Lebanon upstream summary

Report summary

Following giant offshore gas discoveries between 2009 and 2011 in neighbouring Israel and Cyprus, Lebanon is progressing upstream activity in its own offshore sector. Extensive 2D and 3D seismic has been acquired and processed, and ten blocks have been delineated. An inaugural bid round was launched in 2013. Interest has been strong, with forty-six companies prequalifying for bidding. Lebanon has no proven oil or gas reserves. Early onshore exploration in the 1940s and 1950 proved ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 516.77 KB 12 Pages, 3 Tables, 3 Figures
  • Country Overview XLS - 138.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Geology
    • Basin setting
      • Petroleum System
  • Exploration
    • Licensing
      • Onshore
      • Offshore
      • 2013 Bid Round
      • Maritime Boundaries
  • 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

In this report there are 6 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Geology
  • Exploration
    • Map
  • Reserves and resources
  • Production
  • Infrastructure
    • Oil Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
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