Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
TotalEnergies aims to drill “as soon as possible” in Lebanon’s Block 9, in 2023, following talks with the Lebanese government.
TotalEnergies and Eni have reached a deal with Israel allowing them to begin exploration in Lebanon’s Block 9.
Israel and Lebanon have reached a draft agreement, settling the maritime dispute that had threatened energy developments.
Israel has approved “certain testing procedures” for Energean, allowing the company to begin tests as its Karish gas field.
Hezbollah head Hassan Nasrallah has issued a new threat to Israel’s activities offshore, including around Energean’s Karish development.
Israeli forces have shot down three Hezbollah drones that appeared to be heading for the recently arrived FPSO on the Karish field, in the Mediterranean Sea.
The Israeli government has stepped in to warn off Hezbollah and Lebanon from interfering with the recently arrived Energean Power FPSO, on the Karish field.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Lebanon has launched its second offshore bid round, lowering a number of hurdles in a bid to attract new investors.
Lebanese politicians have raised concerns over offshore plans by Energean and Halliburton, in a disputed area.
Egypt has agreed to export natural gas to Lebanon, via Jordan and Syria, following a meeting involving the four states’ energy ministers in Amman.
Fuel shortages are taking their toll in Lebanon, including on the UK embassy, which is withdrawing some staff.
Despite discussion around East Mediterranean’s gas having a global impact, it is locally that will be the most important, speakers at a recent event said.
Israel and Lebanon have begun discussions on shared boundaries, under an agreement brokered by the US.
Lebanese President Michel Aoun has condemned planned Israeli exploration in contested waters.
Total’s well offshore Lebanon has failed to find a reservoir in the Tamar formation, which was the exploration target.
French energy giant Total has entered into an oil and gas field in close proximity to the Israeli-Lebanese border dispute in the Middle East.
Lebanon has relaunched the country's first offshore licensing round for oil and gas exploration following a political paralysis which put the development of the nation's hydrocarbon industry on hold for three years.
Lebanon will auction energy-development rights to five offshore areas and adopt production-sharing contracts to attract international investors as the tiny country seeks to join a regional race to tap oil and gas wealth in the eastern Mediterranean.