Alem & Associates updates

Resolving energy disputes under model exploration and production agreement
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • November 20 2017

Disputes are a significant risk in any energy project. As such, the Cabinet recently issued a model exploration and production agreement for petroleum activities. However, production-sharing contracts such as the agreement have frequently been the subject of international commercial and state investment disputes. It is therefore questionable whether the dispute resolution mechanism provided in the agreement allows for the efficient management of any potential disputes that may arise.

Government commences oil and gas exploration licensing round
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • February 06 2017

The new government recently approved two draft application decrees which are part of the final package of legislation necessary to resume the long-awaited tendering process for oil and gas exploration and production in Lebanon. The tendering process commenced in 2012 with a call for interested companies to pre-qualify. Although the first tendering round was launched in April and May 2013, the process came to a halt pending the approval of the draft decrees.

Lebanon to establish national oil company?
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • October 10 2016

There has been an ongoing debate in Lebanon recently over whether it should establish a national oil company (NOC). While some emerging countries have benefited from NOCs, in other countries they have been the victims of corruption. As such, before establishing an NOC, Lebanon should thoroughly study the benefits of its establishment, as well as its role and allocated budget.

Recent Mediterranean discoveries revive interest in exploration
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • February 08 2016

Recent discoveries in the eastern Mediterranean Sea may constitute the world's largest natural gas find. The Lebanese government has accordingly committed to resuming oil and gas exploration as soon as possible, by ratifying two decrees concerning the delineation of blocks to be opened for bidding and the model exploration and production agreement.

Lebanon getting closer to developing hydrocarbon reserves
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • March 18 2013

The latest hydrocarbon developments indicate that Lebanon is on its way to becoming a key player in the Middle Eastern oil and gas industry. The nomination of the board of directors of the Petroleum Administration Authority has led to major progress ahead of the launch of the first offshore oil and gas licensing round, while a recently discovered oil reservoir has stirred the optimism of investors.

Understanding the Offshore Petroleum Resources Law
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • August 13 2012

A number of two-dimensional and three-dimensional seismic surveys suggest that the Lebanon basin has favourable geological prospects and significant potential for hydrocarbon production. The Offshore Petroleum Resources Law seeks to encourage the exploitation of the country's potential offshore resources by providing a regulatory basis for the petroleum sector.

Offshore gas potential exceeds expectations
Alem & Associates
  • Energy & Natural Resources
  • Lebanon
  • July 09 2012

The growing interest in exploring the Lebanese Basin has been stimulated by recent discoveries of massive gas reserves in neighbouring Mediterranean states. Significant deepwater discoveries have encouraged Lebanon to act quickly, passing legislation and commissioning a number of two-dimensional and three-dimensional surveys to determine the potential of the geological prospects.

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