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    The Daily Star: Lebanese natural gas wealth significant

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Summary

“The recent deepwater, sub-salt gas discoveries to the south and west, which encountered high quality Lower Miocene sands, have significantly increased the industry interest in Lebanon and the Eastern Mediterranean.

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The Daily Star: Lebanese natural gas wealth significant

Explorers will very likely find substantial quantities of natural gas and possibly oil off the Lebanese coast, according to a top executive at a Norwegian company carrying out the first 3-D seismic survey of Lebanon’s offshore deposits.

“You will never know [how much gas there is] until you drill a well under the sea, [but] you can make an assessment from the site we surveyed,” Spectrum CEO David Rowlands told The Daily Star. “Our assessment indicates so far there is a significant volume of gas to be discovered, and maybe even oil.”  MORE

 

 

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