TotalEnergies Lands Key Offshore Exploration Permit in Lebanon

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TotalEnergies has secured an offshore exploration permit in Lebanon, expanding its presence in the eastern Mediterranean, alongside partners Eni and QatarEnergy.

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Market impact analysis based on bullish sentiment with 90% confidence.

المشاعر
Bullish
ثقة الذكاء الاصطناعي
90%
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قصير الأجل

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TotalEnergies has signed an agreement with Lebanon to obtain an offshore exploration permit in the eastern Mediterranean next to a block where it has started exploration, the French oil and gas supermajor said on Friday. TotalEnergies, as the operator and holder of 35% in the permit, and its partners Eni (35%) and QatarEnergy (30%) have signed the agreement with the Lebanese government to enter Block 8 exploration permit. Block 8 is located west of Block 9, where TotalEnergies drilled for potential resources in 2023. “Although…

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