facebook
twitter
rss
account
search
search
 

Survey work planned for onshore Lebanon

Oct. 3, 2013 at 7:50 AM   |   Comments

BEIRUT, Lebanon, Oct. 3 (UPI) -- British energy company Spectrum said it aims to survey parts of onshore Lebanon through November to examine its oil and natural gas potential.

Lebanon is eager to attract investors to its fledgling oil and natural gas sector. The Lebanese Energy Ministry hosts international delegates at the country's second annual oil and natural gas conference in December.

British energy company Spectrum said it started oil and gas surveys in the Batroun region along Lebanon's northwest coast. The company told The (Lebanon) Daily Star newspaper Wednesday the survey work would extend through November.

The Lebanese government is pressing ahead with plans to court international energy investors to explore potential offshore reserves. The offshore area is considered frontier territory, though the U.S. Geological survey said parts of the region may hold 1.7 billion barrels of oil and more than 100 trillion cubic feet of natural gas.

There was no estimate of onshore reserves. Iain Dowell, regional manager for oil service company Halliburton, a sponsor of the December conference, said in a statement Lebanon is "a rapidly developing oil and gas market."

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback