Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.
The deal involved the renewal of an existing agreement originally struck in 2008, according to Libya's National Oil Corp. head Farhat Bengdara.
Eni affiliate IEOC Production BV holds a 45% interest in the Nargis-1 well.
Here’s a roundup of the latest E&P headlines from the past week in the upstream oil and gas industry, which include ONGC bringing stranded assets online to its “lucky mascot” and Aker Solutions winning the conversion contract for the Petrojarl Knarr FPSO.
TotalEnergies' Patrick Pouyanné confirmed the company's objectives with Walid Fayad, Lebanon's caretaker energy minister, at its headquarters on Dec. 12.
Here’s a roundup of the latest E&P headlines including a new find in the Sichuan Basin and a flaring investigation in the U.K. North Sea from the past week in the upstream oil and gas industry.
A focus of the deal was settling a dispute over a potential gas field in Lebanon’s offshore Block 9 that extends into Israeli waters. TotalEnergies is the operator of Block 9 with a 60% interest. Eni holds 40%.
“The most important thing is for people to see America’s largest natural gas producer here at COP27 as a symbol that we’re going to be a leader in energy transition,” EQT CEO Toby Rice told Reuters on the sidelines of COP27.
Prime Minister Kyriakos Mitsotakis announced the plan during an interview on Nov. 7, saying that the surveys will be carried out by Exxon Mobil Corp.