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Country Report

Lebanon upstream summary

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09 August 2021

Lebanon upstream summary

Report summary

Lebanon's enthusiasm to develop an upstream oil and gas sector has been dampened. The country has no proven oil and gas reserves, but hopes that the prolific deepwater East Mediterranean gas play extend to the North-East. However, the highly anticipated Byblos well came up dry and the difficult political situation in the country hinders investors' interest.Recent exploration has disappointed. Total (now TotalEnergies) drilled the Byblos-1 well on Block 4 in H1 2020. The well ...

Table of contents

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

Tables and charts

This report includes 6 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Lebanon offshore blocks
  • Oil Infrastructure Map
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 12.43 MB

  • Document

    Country Overview

    XLS 84.50 KB