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FinancialNews
27-04-19
Lebanon to drill 1st well in Block 4 this year's end
(MENAFN) Lebanon is targeting the end of this year to commence the drilling of the first well within Block 4, announced Lebanese Minister of Energy and Water Nada Boustani.
According to the Lebanese minister, "this is a very important step because it will allows us to discover our oil and gas resources."
It comes following talks between Boustani and a delegation from the French giant Total, discussing the site of the first well to be drilled 30km away from shore.
This is one year after oil and gas exploration and production agreements were penned by Lebanon for two energy blocks.
MENAFN2704201900450000ID1098445150
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