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Timeline

When the Council of Ministers approved the launch of Lebanon’s Second Offshore Licensing Round in April 2019, the initial deadline to submit applications was set to 31 January 2020. However, at the request of International Oil and Gas Companies, and later on due to the implications of the global Covid-19 pandemic this deadline was postponed to 30 April 2020 and then to 1 June 2020 respectively based on  the Minister of Energy and Water’s decisions.

Today, as this pandemic is ongoing and affecting the financial and logistical capacities of petroleum exploring companies, and in addition to the decline in oil prices that led companies to lower their investments and to hold off exploration activities, the Minister of Energy and Water issued a decision to momentarily postpone the deadline for the submission of applications to participate in the Second Offshore Licensing Round to a later date which will be determined at a later stage based on the LPA’s recommendation in an objective to complete the Second Offshore Licensing Round before the end of the year 2021.

Click here to download the Minister's Decision regarding the initial deadline.
Click here to download the Minister's Decision regarding the first postponement (Cancelled by Decision No. 3 dated 3 April 2020)
Click here to download the Minister's Decision regarding the second postponement (Decision No. 3 dated 3 April 2020)
Click here to download the Minister's Decision regarding the second postponement as published in the Official Gazette issue no. 15 dated 9 April 2020.
Click here to download the Minister's Decision regarding the third postponement (Decision no. 7 dated 29 May 2020)

The indicative detailed timetable of the required submissions as described in the updated TP is as follows:

event duration from closing date
Tentative deadline for requesting the Minister's approval of the jurisdiction of residence of an Authorized Representative outside of Lebanon One (1) month before
Deadline for submission to the Petroleum Administration of proposed alternative forms of Bid Bonds (as defined below) for approval by the Minister Three (3) weeks before
Deadline for submission of questions and requests for clarification on the Licensing Round, including any preliminary evaluation requests concerning pre-qualification Two (2) weeks before
Final disclosure of clarifications and supplementary information by the Petroleum Administration Ten (10) days before
Deadline for payment of the Retrieval Fee Seven (7) days before
Deadline for submission of licensing Round Applications

Deadline for payment of the 3D seismic data license purchase price
On the Closing Date

As stipulated in the updated Tender Protocol (TP), once the Applications are received, the LPA will evaluate the Prequalification Applications within three weeks following the deadline for submission of Licensing Round Applications. The results of this evaluation will then be declared by the Minister of Energy and Water before proceeding with the evaluation of EPA Applications as follows:

  • Prequalified Companies.
  • Applicants prequalified to have their EPA Applications evaluated (these Applicants do not include any individual company that fails to meet all applicable pre-qualification criteria).

For prequalified Applicants, the LPA will evaluate their EPA Applications and prepare evaluation reports to the Minister of Energy and Water.

The Minister of Energy and Water, assisted by the LPA, will conduct negotiations as stipulated in the updated TP and submit the results of the negotiations to the Council of Ministers.

The Council of Ministers will take the appropriate decision regarding the awards of Exploration and Production Agreements.

Licensing Round Applications remain valid for a period of 180 days as of the closing date deadline of submitting Licensing Round Applications.

 

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