Monday 6 February 2023
Last update on Monday, February 6, 2023 At 12:28 PM
TotalEnergies and Eni have finalized the transfer to QatarEnergy of a 30% stake in exploration blocks 4 and 9 off the coast of Lebanon.
The agreements were ratified on January 29 in Beirut, during a ceremony in the presence of His Excellency Dr. Walid Fayad, Minister of Energy and Water of Lebanon, His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs of Qatar and Chairman and CEO of QatarEnergy, Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Mr. Claudio Descalzi, Chairman and CEO of Eni.
Under these agreements, TotalEnergies (operator) and Eni will each retain a 35% stake, and QatarEnergy will hold the remaining 30%.
“We are delighted to welcome QatarEnergy to our exploration area in Lebanon. The recent demarcation of Lebanon’s maritime border with Israel gives new impetus to the exploration of the country’s hydrocarbon potential. Our partners and ourselves are determined to carry out, as soon as possible in 2023, the drilling of an exploration well on Block 9, and our teams are fully mobilized to carry out these operations”, declared Patrick Pouyanné, President- CEO of TotalEnergies.
This new partnership expands the collaboration between TotalEnergies and QatarEnergy in the field of exploration and brings to nine the number of countries in which the two companies are partners.
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