Decree no. 4918/2019: Amending Some Articles and the Annexes of Decree 43/2017
Pursuant to the Council of Ministers’ Decision no. 61 dated 16/5/2018 and mandating the Minister of Energy and Water and the Lebanese Petroleum Administration to prepare for the launch of the Second Offshore Licensing Round, and in order to implement this decision, the necessary procedures have been prepared to launch the Second Licensing Round, in accordance with the provisions of Law No. 132/2010 (Offshore Petroleum Resources Law) and its implementation decrees. Furthermore, updated procedures that are compatible with the provisions of the above-mentioned law, have been adopted to pre-qualify companies and to grant exploration and production agreements in a manner that aims to secure a balanced share of petroleum revenues for the Lebanese state.
These procedures necessitated to move the provisions of Decree 9882/2013 (Pre-qualification of Companies to Participate in Petroleum Activities Licensing Rounds) to the first part of the proposed new Tender Protocol (Tender Protocol for Pre-qualification of Applicants and the Award of Exploration and Production Agreements), where the Pre-qualification Applications of companies are submitted in one package with the Licensing Round Application, but in two separate envelopes. Only the Licensing Round Applications of pre-qualified companies will be evaluated.
Accordingly, and pursuant to Decree 4918/2019, Decree 43/2017 has been amended in terms of adopting a new Tender Protocol, amending some articles and annexes of the Model Exploration and Production Agreement, and canceling Decree 9882/2013 (Pre-qualification of Companies to participate in Licensing Rounds), since pre-qualification has become a part of the bid procedures.
Click here to download.