Author Archives: Mona Sukkarieh

A roadmap for the first licensing round

A roadmap for the first licensing round

On January 4 2017, the Lebanese government approved what many observers have been waiting for since March 2013: two oil and gas decrees, without which the country’s first licensing round could not proceed. One delineated offshore blocks, another detailed the model exploration and production agreement and set out the tender protocol. To signal its determination,

A national oil company for Lebanon?

It’s been three years since the nascent oil and gas sector in Lebanon was brought to a complete halt. The relative success of the pre-qualification round in 2013 brought the sector to center stage and contributed to the hype surrounding it. But the pre-qualification round was not followed by a tendering process. Instead, this was

An eye on Turkey

Despite being labeled “historic,” the trilateral summit held in Nicosia on January 28 among Cyprus President Nicos Anastasiades, Israeli Prime Minister Benjamin Netanyahu and Greek Prime Minister Alexis Tsipras did not yield concrete results. The 2013 Memorandum of Understanding (MoU) between Cyprus, Greece and Israel formally established the three countries’ will to strengthen energy cooperation

Renewed dynamism

After a year riddled with difficult market conditions, dry wells and regulatory hurdles, the offshore oil and gas sector in the Eastern Mediterranean finally has good reasons to look forward to 2016. In Egypt, the August 2015 discovery of the so-called “supergiant” Zohr offshore natural gas field could not have come at a better time

Forbidden no more

Lebanon was most likely a marginal topic on the sideline of nuclear discussions in Vienna, but the nuclear agreement between Iran and the P5+1 group is expected to have direct implications on local Lebanese politics. Since the deadlock in Lebanon is largely a reflection of regional deadlock, it would be reasonable to expect a possible

Exploration on hold

This article was written in May for the June edition of Executive Magazine. The third well drilled in Cyprus’ Exclusive Economic Zone (EEZ) failed to reveal commercially exploitable natural gas reserves. Italian multinational Eni’s Saipem 1000 drillship drilled to a depth of 5,485 meters in Amathusa, in Block 9, without yielding positive results. This is

Thinking ahead

Since 2010, policymakers in Israel have had to repeatedly intervene in the energy sector to deal with challenges — not just opportunities — presented by the discovery of large gas fields. [pullquote]Since 2010, policymakers in Israel have had to repeatedly intervene in the energy sector[/pullquote] In December 2014, Israel’s antitrust commissioner David Gilo revoked a previous

Floating an idea

The Eastern Mediterranean is a complex environment for gas producers and countries aspiring to become gas exporters in the next few years. Not only do they have to deal with the usual industry challenges, but also with an even tougher factor: geopolitics. A recent report commissioned by the Norwegian government highlights such difficulties by indicating,

Top