French energy giant Total will install a drilling rig for oil and gas exploration in Lebanon in 2023, a company delegation said on Tuesday, Trend reports quoting Xinhua.
“The company will install the drilling platform in 2023 based on the texts of the agreement with the Lebanese Petroleum Administration,” said a statement issued by the Lebanese presidency quoting members of the delegation during their meeting with Lebanese President Michel Aoun.
The meeting followed Israel and Lebanon’s announcement last week that they had reached a US-brokered agreement over a disputed area in the eastern Mediterranean Sea where gas deposits are located. natural. Total obtains exploration rights to the Qana gas field as part of the agreement.
During Tuesday’s meeting, members of the Total delegation briefed Aoun on preparations to start the excavation of Block 9 in the Exclusive Economic Zone. Total already started exploration of Block 4 more than two years ago.
For his part, President Aoun said he hoped the excavations in Block 9 could begin at the earliest to make up for the time lost in indirect negotiations to demarcate the maritime boundary.
On October 13, Aoun announced Lebanon’s endorsement of the final version of the deal proposed by US energy envoy Amos Hochstein.