Lebanon is pushing forward with its second offshore bid round having closed the oft-delayed first one last October. Contract awards are slated for end-2019, but unless the ongoing political standoff is resolved, more delays are likely.

The Lebanese Petroleum Administration (LPA) confirmed in late July that a second bid round would commence by end-2018.

According to a ‘tentative timeline’, offshore contracts will be signed 12 months after launching the tender. If the energy...