Lebanon remains on track to have its first exploration well drilled in maritime Bloc 4 by December this year, though the schedule is tight, according to an expert closely involved in the field.<\/p>\n
Abboud Zahr, Managing Director at DEP Oil and Gas, which is involved in providing services to the companies involved in the planned exploratory drilling, told LOGI that Total – the lead company in the qualified consortium – was set to complete by August three studies required for drilling to commence. These include the Environmental Impact Assessment, environmental baseline assessment and social baseline assessment.<\/p>\n
At that point, they must be approved by Lebanese authorities.<\/p>\n
In the meanwhile, Total is set to award \u201cat least 20 contracts\u201d for logistics on shore – in Beirut\u2019s port – and for other services and equipment, including for the rig or drill ship that will go about drilling Lebanon\u2019s first ever exploratory well, Zahr said.<\/p>\n
\u201cThese activities, as they need a long time for preparation, should be awarded very soon, otherwise the December deadline will not be met,\u201d Zahr said.<\/p>\n
Once the exploratory drilling commences, it will take about 6 weeks to reach the target point – some 4400 meters below sea level. If gas is found, a second well, known as an appraisal well, will be drilled to determine the quantity and quality of the gas, which would answer the billion-dollar question of whether Lebanon has a commercially viable find.<\/p>\n
\u201cTo be realistic, the probability to find something in this first well is maximum 25 percent,\u201d Zahr said.<\/p>\n
The qualified consortium has committed to drilling at least two exploratory wells in each of the two blocs they have qualified for.<\/p>\n
In the case the find is commercially viable, a third well, known as a production well, will have to be drilled, and a large amount of associated infrastructure must be constructed. Before gas can begin pumping.<\/p>\n
Zahr estimated that this entire process, in the best case scenario, would require about a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"
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