Republic of Lebanon
The approval of Exploration Plans for blocks 4 and 9 mark the start of the exploration phase that is divided into two periods. Several milestones need to be achieved during the course of each period ahead of drilling activities.
Drilling activities are scheduled to take place in a frontier and unexplored area requiring extensive technical know-how and financial capabilities.
The preparatory tasks include performing additional geology and geophysical studies, safety and environmental assessments, permitting, procurement and contracts, and logistics base set up to name a few.