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