Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Lebanon Oil Blocks Lure Shell to Petrobras as Nation Seeks Funds

Royal Dutch Shell Plc, Exxon Mobil Corp., Petroleo Brasileiro SA and Total SA all obtained tender documents allowing them to bid for exploration licenses off Lebanon, according to the country’s industry regulator.

The oil and gas producers are among 12 that qualified for bidding rights as operators, Lebanese Petroleum Administration President Assem Abou Ibrahim said today in Beirut. More than 30 other companies, seeking to invest in rather than operate the licenses, also have the documents that were released May 2.

The Middle Eastern country is offering blocks in the Mediterranean Sea near Israeli and Cypriot waters where Noble Energy Inc. has already discovered commercial quantities of gas. Lebanon, seeking revenue to help reduce its $56 billion of public debt, expects to award contracts in February.

The other companies that qualified as potential operators are Eni SpA, Chevron Corp., Anadarko Petroleum Corp., Repsol SA, Petroliam Nasional Bhd, Statoil ASA, AP Moeller-Maersk A/S and Inpex Corp., according to the regulator’s website. Operators must form groups with other investors to bid for exploration and production-sharing contracts, or PSCs.

The government still needs to issue three decrees that demarcate the blocks to be explored, establish PSCs and specify tender protocols. Since the current caretaker government has no legal right to make the decrees, the bidding may be extended if the orders haven’t been issued by Sept. 2, Energy Minister Gebran Bassil said April 30.

Among the 34 companies that pre-qualified as non-operators are Genel Energy Plc, Suncor Energy Inc, Marathon Oil Corp., Santos Ltd., OMV AG, INA Industrija Nafte DD, GDF Suez SA, MOL Hungarian Oil & Gas Plc, Cairn Energy Plc, Cairn India Ltd., Dana Petroleum Plc, Mitsui E&P Middle East BV, Korea Gas Corp., Lukoil Overseas Lebanon BV, OAO Rosneft, Turkiye Petrolleri AO, Dana Gas PJSC and Dragon Oil Plc, the regulator’s website shows.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.