QatarEnergy acquires stake in Lebanon’s offshore plays

QatarEnergy has acquired interest in two exploration blocks in Lebanon alongside partners TotalEnergies and Eni, the Qatari NOC announced on Sunday.

Under the agreements, the national E&P company will take 30% interest in Block 4 and Block 9, with Eni taking 35% stakes and TotalEnergies taking the remaining 35% operating stakes.

Block 4 covers an area of 1,910 square kilometres is located in water depths of around 1,500 metres.

Block 9 is located 80 kilometres off the shore of southern Lebanon and covers a total area of 1,750 square kilometres in water depths of around 1,700 metres.

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