TotalEnergies has secured government approval to kick off a new offshore exploration venture in Lebanon, reigniting hopes for a significant gas discovery in a region already buzzing with potential. The French energy giant, which holds a 35% stake in the permit, is teaming up with Eni (35%) and QatarEnergy (30%) to begin 3D seismic surveys on Block 8, covering a sprawling 1,200 square kilometers. This move comes after a somewhat disappointing initial campaign on an adjacent block, but TotalEnergies CEO Patrick Pouyanne remains steadfast. “Although the drilling of the well Qana 31/1 on Block 9 did not give positive results, we remained committed to pursue our exploration activities in Lebanon,” Pouyanne stated, underscoring the company’s long-term vision.
Lebanon is banking on this exploration to deliver a much-needed economic boost. Gaby Daaboul, President of the Lebanese Petroleum Administration, emphasized the country’s ambition to accelerate exploration efforts and achieve a commercial discovery that could support sustainable development. Meanwhile, Energy Minister Joseph Saddi revealed that Lebanon is gearing up for its fourth exploration licensing round, with plans to propose amendments to the terms within a month to attract more bidders.
The stakes are high, but the potential is undeniable. Israel and Cyprus have already struck gold—or rather, gas—in the eastern Mediterranean, with major discoveries like the Leviathan and Aphrodite fields. These finds have put the region on the map as a promising energy hotspot, and Lebanon is eager to carve out its share. The new exploration permit is more than just a step forward for TotalEnergies and its partners; it’s a beacon of hope for Lebanon’s economy and a testament to the region’s untapped potential. As the seismic surveys get underway, all eyes will be on Block 8, watching closely to see if this gamble pays off.