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Decree No.43 of 2017 including the Tender Protocol (TP) related to the offshore licensing round, and the Exploration and Production Agreement (EPA).

Country/Territory
Lebanon
Document type
Regulation
Date
2017
Source
FAO, FAOLEX
Subject
Energy, Environment gen., Sea
Keyword
Oil Natural gas Authorization/permit Procedural matters Contract/agreement Royalties/fees Environmental audit Environmental standards Registration Inspection Standards Protection of environment Exploration
Geographical area
Asia, Mediterranean, Middle East, Near East and North Africa, Western Asia
Entry into force notes
This Decree enters into force on the date of its publication in the Official Gazette.
Abstract

This Decree consisting of 4 articles provides for the tendering rules for oil and gas exploration and production in Lebanon. The TP constitutes Annex 1 of the Decree and defines the final terms and conditions of the First Offshore Licensing Round for Hydrocarbon Exploration that prequalified companies must abide by. It includes the indicative timetable for the rest of the Licensing Round; the conditions for participation together with the application details; value of the bid bond to be presented to the Ministry of Energy by the winning applicant; instructions to applicants, including submission and validity of applications, payment of the retrieval fee and costs and expenses to be borne. The application needs also a Technical Proposal (with the proposed Minimum Work Commitment and the indicative US dollar amounts) and a Commercial Proposal (with the commercial terms open to bid).

Full text
English/Arabic
Website
www.lpa.gov.lb

References - Legislation

Implements

Offshore Petroleum Resources Law No.132 of 2010.

Legislation | Lebanon | 2010

Keyword: Energy conservation/energy production, Basic legislation, Oil, Natural gas, Exploration

Source: FAO, FAOLEX