"....Spectrum ASA (SPU), an oil and gas services provider, said it’s due to complete a three-dimensional seismic survey this week of Lebanon’s offshore waters.Initial results will be available in November, the company said today in a statement handed to journalists aboard a vessel off Beirut. The final version will be ready early next year, as required by the Lebanese government and in time for the country’s planned first licensing round, it said.
Lebanon is seeking to catch up with Israel,...
Surveys have been carried out on a 10,500 kilometer coastal area, the minister said. Twenty-six companies have bought surveys of Lebanon’s offshore area for a total of $90 million, he said.
The Middle East waters are a “promising area” for hydrocarbon exploration and may attract investments from international companies when the licensing round starts, Bassil said. ..."
Monday, September 24, 2012
'Let the looting begin!'
Posted by G, M, Z, or B at 1:31 PM