Becoming clearer

The search for potential onshore hydrocarbon reservoirs in Lebanon is moving along more quickly than anticipated. Fully analyzed and interpreted data from an airborne survey of 6,000 square kilometers will be ready by the end of the second quarter, three months ahead of schedule, according to NEOS GeoSolutions, the US based company conducting the survey. NEOS is looking mostly at onshore Lebanon in the north, but the survey also includes both on and offshore acreage along the coast — known as the ‘transition zone.’ While the full data set will not be made public — in fact, it is for sale — early indicators suggest Lebanon’s onshore has potential. In March, Lebanon’s Lampion Oil & Gas Services completed a ground magnetotelluric survey to complement the airborne survey being conducted by NEOS GeoSolutions. The local firm was subcontracted by US based Zonge International, which itself was subcontracted by NEOS, Lampion’s Rachad Ghanem tells Executive.