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QatarEnergy joins TotalEnergies and Eni on two exploration blocks

Monday, January 30 2023

Fossil Energy – Lebanon

TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon.

The agreements were endorsed in Beirut on January 29.

Pursuant to the terms of the agreements, TotalEnergies (operator) and Eni will each retain a 35% interest in the blocks with QatarEnergy holding the remaining 30%.

“We are very pleased to welcome QatarEnergy in our exploration acreage in Lebanon. The recent delineation of Lebanon’s maritime border with Israel has created a new momentum for the exploration of its hydrocarbon potential. Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilized to conduct these operations,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

This new partnership further expands the cooperation between TotalEnergies and QatarEnergy in exploration activities, and brings to nine the number of countries where the two companies have partnerships.

Related posts:

  1. Agreement on maritime border line between Israel and Lebanon
  2. TotalEnergies expands presence in Orange Basin South Africa
  3. BlueNord announces strategic partnership with Semco Maritime
  4. Neptune Energy completes Eni and Vår Energi transactions

Filed Under: ENI, International projects, Lebanon, Partnership, TotalEnergies Tagged With: Eni, Lebanon, partnership, QatarEnergy, TotalEnergies

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